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Canada Stocks Close Higher; Most Sector Up Led By Financials; Athabasca Oil Corporation Most Active
By: MT Newswires
Canadian stocks climbed higher on Tuesday continuing the uptrend that has seen the TSX climb more than 5% in October. Most sectors were higher led by Financials and Industrials while Metals and Mining were a drag on the broader markets.
Bank Stocks led the move higher on Tuesday as expectations that the Fed will continue to apply stimulus to the U.S. economy combined with signs of renewed strength in Canada's housing sector have pushed several bank stocks to record highs.
Athabasca Oil Corporation(ATH.TO)was the most active share on the TSX with no fresh specific stock news driving volume. The stock closed up 0.31 % with 7 million shares changing hands.