UPDATE: Canada Stocks Gain Near 40 Pts, But 30 Pts Off Session Highs; Retail Sales A Plus, Rockgate Weighs

By MidnightTrader.com Staff,

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Canada's main stock market, the Toronto Stock Exchange, closed around 40 points higher, but 30 points off a mid-afternoon session high, with investor sentiment seemingly buoyed by the release of better than expected retail sales numbers early Tuesday. Sales gained 0.6% in July, compared to forecasts for 0.5%.

Most sectors were higher with Mining and Health Care both coming under very late selling pressure to finish the day flat to slightly lower.

Most actively traded Rockgate Capital Corp (RGT.TO) capped gains. While it closed flat, it spent most of the day lower in seeing around 8 million shares change hands. It announced that it has terminated its arrangement agreement with Mega Uranium Ltd. (MGA.TO) dated August 13, 2013.

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

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This article appears in: Investing Commodities
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