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
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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