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

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%.