December 21, 2009 / 3:50 PM / 8 years ago

CANADA STOCKS-TSX higher on energy issues, Potash

 * TSX rises 0.8 percent to 11,554.84
 * Potash up after Goldman adds to conviction buy list  (Adds details, comments)
 By Irene Kuan
 TORONTO, Dec 21 (Reuters) - Toronto’s main stock index rose on Monday morning as stronger oil prices lifted the weighty energy sector, while Potash Corp of Saskatchewan (POT.TO) also contributed to the gains.
 Potash Corp was the top gainer on the index, up 3 percent at C$115.30, after Goldman Sachs had added the fertilizer maker to its conviction buy list. [ID:nSGE5BK0DN]
 “They (Goldman Sachs) feel that in 2010 that the agricultural stocks will do quite well. I also feel that way,” said Ian Nakamoto, director of research at MacDougall, MacDougall & MacTier.
 Oil prices held firm above $73 a barrel on Monday after a 1 percent rise in the previous session, while base metal prices were also higher, helping boost mining shares. [O/R] [MET/L]
 Canadian Natural Resources (CNQ.TO) rose 1.6 percent to C$72.46, while Suncor Energy (SU.TO) was up 1.3 percent at C$36.22. First Quantum Minerals (FM.TO) climbed 2.1 to C$79.74.
 At 10:16 a.m. (1516 GMT), the S&P/TSX composite index .GSPTSE was up 91.44 points, or 0.8 percent, at 11,554.84
 ($1=$1.06 Canadian)  (Reporting by Irene Kuan; editing by Rob Wilson)                                      

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below