CANADA STOCKS-TSX closes up 1.1 pct as golds shine

Thu Jan 8, 2009 5:33pm EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* Bullion price lifts gold miners

* Goldcorp, Kinross announce higher output plans

* Energy, financials help keep TSX in positive territory

* Market braces for Friday's Canadian, U.S. jobs data (Adds details, analyst comment)

By Ka Yan Ng

TORONTO, Jan 8 (Reuters) - Toronto's main stock index finished higher in a late-session burst on Thursday with the materials group boosted by strength in gold-mining issues as bullion prices rose.

Financial and energy stocks were also modestly higher, helping to keep the overall index in positive territory. They started the day lower, contributing to the benchmark's sharp early drop.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE finished 1.1 percent higher, up 100.26 points at 9,221.58. Five of its 10 main groups rose. Industrials and healthcare had healthy gains, while tech and consumer issues dragged.

The materials group rose 2.7 percent, pushed up by gold miners, which climbed on safe-haven buying.   Continued...