TSX Close: TSX Posts Positive Finish on Strength in Gold Stocks, CP Rally

By Midnight Trader,  January 29, 2013, 04:03:34 PM EDT

The Toronto stock market ended the day in positive territory as gold stocks rallied and gains in CP Rail (CP.TO) shares offset losses by Research in Motion (RIM.TO).

The S&P TSX Composite Index closed at 12,830, up 15 points, but short of session highs of 12,849.

The materials sector led advancers paced by gold stocks, dragged down by information technology and RIM's decline.

CP shares gained 3% after the company posted fourth-quarter earnings that met analysts' estimates. RIM, the day's most active issue, fell 3%.

Commodity prices were mostly higher. March crude rose $1.13, or 1.2%, to settle at $97.57 a barrel on the New York Mercantile Exchange. February gold rose $7.90, or 0.5%, to $1,660.80 an ounce.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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