CANADA STOCKS-TSX boosted by commodities, industrials

Thu Dec 9, 2010 4:47pm EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

   * TSX rises 14.94 points, or 0.11 percent, to 13,166.94
 * Lululemon soars 14.6 percent after results
 (Adds details, comments)
 By Cameron French
 TORONTO, Dec 9 (Reuters) - Toronto's main stock index ended
slightly higher on Thursday as mining and materials issues led
an otherwise sideways market.
 Heavily weighted materials stocks rallied late to finish
the session up 0.43 percent, rebounding from sharp drops in the
previous two sessions.
 "Golds had fallen off quite precipitously in the last
couple of days, so we're seeing buying coming in to a number of
those names," said Elvis Picardo, strategist at Global
 Iamgold IMG.TO rose 2.5 percent to C$17.13, while copper
producer Inmet Mining IMN.TO climbed 5.2 percent to C$74.91.
 The S&P/TSX composite index .GSPTSE ended the session up
14.94 points, or 0.11 percent, at 13,166.94. All told, six of
the 10 TSX subgroups finished higher.
 Industrials stocks gained 0.31 percent, helped by strength
among railroads. Canadian National Railway CNR.TO climbed 1.2
percent to C$67.32, while Canadian Pacific CP.TO gained 1.2
percent to C$65.25.
 Among individual stocks, yoga-wear retailer Lululemon
Athletica Inc LLL.TO soared 14.6 percent to C$64.23, after it
reported its net profit nearly doubled in its third quarter and
it forecast more growth ahead. [ID:nN09219897]
  ($1=$1.01 Canadian)
 (Reporting by Cameron French; editing by Rob Wilson)