TSX Closes Up 20 Pts More On Hope Than Anything Else; Lake Shore Gold Most Active, Lost 4%

By Midnight Trader,  October 02, 2012, 04:07:48 PM EDT

Canada's main stock market ended Tuesday's session higher by around 20 points with traders and investors - after appearing to think deeply about it for the day - in the end deciding to take reports that Spain is ready to seek a bailout at face value, despite Spain's prime minister denying it. Traders and investors are probably more hopeful more than anything else that such a bailout will be a significant step in Europeans resolving their debt crisis.

Easily the most actively traded stock was that of Lake Shore Gold (LSG.TO) which lost 4% although there didn't appear to be any fresh news around.

All sectors expect Health Care recorded gains, with the biggest in percentage terms coming for Info Tech.

Crude for November delivery declined 59 cents to end at US$91.89 a barrel on the New York Mercantile Exchange. Gold for December delivery saw a recent strong run up come to an end in declining $7.70 to $1,775.60 an ounce on the Comex division of the New York Mercantile Exchange.




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

Referenced Stocks:



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