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TSX at 2pm: TSX in Positive Territory as Investors Digest Earnings

By: MT Newswires
Posted: 1/29/2013 2:02:00 PM
Referenced Stocks:

The Toronto stock market was higher in afternoon trading as gold stocks rallied and investors digested the latest earnings report from Canadian Pacific Railway (CP.TO).

The S&P/TSX Composite Index was up 23 points to 12,839, close to session highs.

Among the TSX's sub-sectors, industrials and materials led gainers, offset by losses in tech.

CP shares gained more than 4% after the company reported weaker Q4 profits but

said it expected much stronger earnings in 2013.

Heavily traded Research in Motion (RIM.TO) fell 4%.