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 limited gains.

Fighting to push the market higher were gold miners, which climbed even as bullion prices were slightly lower. Barrick Gold ABX.TO rose 1.8 percent to C$48.82 and Goldcorp G.TO, 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, 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...