CANADA STOCKS-TSX extends rise, up 2 pct on resources

Mon Nov 9, 2009 11:41am EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

 TORONTO, Nov 9 (Reuters) - Toronto's main stock index added
to its gains on Monday, bolstered by a reassuring pledge from
the Group of 20 to keep stimulus measures in place until a
global economic recovery is in place.
 That increased investors' appetite for risk and helped push
up oil prices toward $80 a barrel and gold to a record above
$1,110 an ounce. [O/R] [GOL/]
 Shares of resource issues followed commodity prices higher.
Suncor Energy (SU.TO: Quote) rose 4.4 percent to C$36.95 to lead all
influential gainers, followed by Goldcorp (G.TO: Quote), up 5 percent
at C$46.68.
 By late morning, the resource-laden S&P/TSX composite index
.GSPTSE had soared 226.25 points, or 2.01 percent, to
11,476.67.
 (Reporting by Ka Yan Ng; editing by Rob Wilson)