CANADA STOCKS-TSX gains on resource issues, RBC weighs

Thu Aug 26, 2010 4:43pm EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* TSX up 5.06 points, or 0.04 percent, at 11,653.18

* Strength in gold mining issues push TSX up

* Royal Bank weighs after results miss forecasts (Updates to close, adds quotes)

By Jennifer Kwan

TORONTO, Aug 26 (Reuters) - Toronto's main stock index ended marginally higher on Thursday on firmness in resource issues, but disappointing results from Royal Bank of Canada (RY.TO: Quote) limited gains.

Fighting to push the market higher were gold miners, which climbed even as bullion prices were slightly lower. Barrick Gold (ABX.TO: Quote) rose 1.8 percent to C$48.82 and Goldcorp (G.TO: Quote), which climbed 2.8 percent to C$45.85, helping to push up the broader materials group by 0.9 percent. [GOL/]

Energy shares rose 0.3 percent as oil prices climbed on a modest improvement in U.S. jobs data and a weaker greenback. [O/R]

Also helping to keep the TSX above water was National Bank of Canada (NA.TO: Quote), a top net gainer, which soared 4.2 percent to C$58.00 after it posted better than expected results. [ID:nN26182091]

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE finished the day up just 5.06 points, or 0.04 percent, at 11,653.18. Six of its 10 main sectors were higher.   Continued...