CANADA STOCKS-TSX index gains as gold miners, financials jump

Tue Aug 12, 2014 11:30am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* TSX up 36.07 points, or 0.24 percent, at 15,297.71

* Seven of 10 main index sectors advance

* Aecon, Ithaca Energy slip after results

By John Tilak

TORONTO, Aug 12 (Reuters) - Canada's main stock index rose on Tuesday, headed for a third straight winning session, as a jump in gold-mining shares and gains in financials helped provide support to a market fixated on geopolitical tensions in Ukraine and elsewhere.

Shares of gold producers benefited as the bullion price was up after a report showed economic sentiment among analysts and investors in Germany hit a low point on concerns about the impact of the Ukraine crisis.

A Russian convoy carrying food, water and other assistance headed for eastern Ukraine, where government forces closed in on pro-Russian rebels. Kiev said it would not allow the vehicles to cross into its territory.

Investors remained nervous about the ongoing geopolitical crises, including those in the Gaza Strip and Israel as well as Iraq.

The Toronto market has shrugged off such worries in recent days to rebound after a selloff in the previous week. It is up more than 12 percent this year.   Continued...