Canada's main stock market, the Toronto Stock Exchange, took off
again from where it left matters Monday, before Tuesday's Canada
Day holiday - with upwards momentum taking it in to fresh intraday
record territory of 15,223.04. It had gained around 150 points in
the three previous sessions. Today, the TSX made it a high five of
consecutive days of gains on the way to hitting its record, before
closing near 15,210, itself a closing record.
With about 30 minutes of trading left, Canada's BNN TV said
trading volumes were about 8% higher than usual. Helping the
positive sentiment, early Wednesday the RBC Canadian Manufacturing
Purchasing Managers' index, a measure of manufacturing business
conditions, rose to a seasonally adjusted 53.5 in June from 52.2 in
Most sectors were higher led by Metals and Mining which surged
nearly 4% and Info Tech which climbed by 1.4%, but Telecom bucked
the trend declining 0.3%.
recouped early losses and closed at 3.5 month highs as traders
await key U.S. jobs numbers Thursday and start to take positions
ahead of the Independence Day Holiday on Friday. Bloomberg reported
Wednesday afternoon that brent crude fell to the lowest level in
almost three weeks as rebels in Libya said two oil ports they have
held for a year are free to reopen. West Texas Intermediate also
Platinum touched nine month highs amid signs of increasing
demand from car companies for the metal. Among related stocks,
North American Palladium (PDL.TO), which jumped 10%. Copper prices
climbed to a 16-week high in London on strong June manufacturing
numbers out of China. Related stocks include First Quantum Minerals
(FM.TO), up 3% and hitting 52 week highs.
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