Bay Street stocks jumped at open Tuesday amid firm commodities as worries over euro zone debt situation subsided after Greece made progress on its debt bailout program. The S&P/TSX Composite Index surged 159.72 points or 1.37 percent to 11,822.31.
The Diversified Materials Index gained over 2 percent, with First Quantum Minerals (FM.TO), Inmet Mining (IMN.TO) and Teck Resources (TCK_B.TO) adding around 3 percent each.
In the oil patch, Canadian Natural Resources (CNQ.TO) and Canadian Oil Sands (COS.TO) gathered around 3 percent each.
Meanwhile, international energy company Gran Tierra Energy Inc. (GTE.TO) slipped nearly 1 percent after reporting lower second-quarter net income.
Among gold plays, Allied Nevada Gold (ANV.TO) gained 4 percent. Detour Gold (DGC.TO) and Barrick Gold (ABX.TO) added around 2 percent each.
Aviation-training and simulation products provider CAE, Inc. (CAE.TO) edged up 0.70 percent after announcing that it bagged C$42 million contract.
Telecommunications company Telus Corp. (T.TO) moved up 1 percent after reporting a marginal rise in its second quarter net income.
by RTT Staff Writer
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