TSX Gains 1% With Financials Banking Gains Ahead of Banks' Earnings Season

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Canada's main stock market, the Toronto Stock Exchange, gained 130 points or 1% on Tuesday as investors and traders here played some catch up after other markets made gains Monday, when Canadians were off on holiday. But lower commodity prices put a cap on gains for the resources heavy index, which closed more than 60 points off session highs.

All sectors but the Health Care one were higher, with Financials making the biggest gains ahead of banks' earnings season - which kicks off this week with TD Bank (TD.TO) on Thursday and National Bank (NA.TO) on Friday.

On commodities, June gold futures closed down 0.5% today at US$1,377.50 an ounce on the Comex, as investors awaited Fed Chairman Ben Bernanke's testimony on Congress as well as the FOMC minutes from the Fed's latest policy meeting. Both of those events are on tap for tomorrow. Meanwhile, June oil closed down $0.55 at US$96.16 a barrel.




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This article appears in: Investing , Commodities

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