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TSX Edges Up At Open Wednesday

8/15/2012 10:02 AM ET

Toronto stocks edged up at open Wednesday amid marginal buying across a variety of sectors, with the S&P/TSX Composite Index adding 26.71 points or 0.23 percent to 11,880.32.

Among gold plays, Allied Nevada Gold (ANV.TO) added over 1 percent, while Goldcorp. (G.TO) and Agnico-Eagle Mines (AEM.TO) were slipping nearly 0.50 percent each.

Fertilizer maker Potash Corp. (POT.TO) and Agrium Inc. (AGU.TO) were up around 1 percent each.

Base-metals miner Capstone Mining Corp. (CS.TO) moved up 1 percent even after reporting a lower second-quarter net earnings.

Meanwhile, energy stocks were trading lower, with Niko Resources (NKO.TO) diving 3 percent. Metal products company Martinrea International Inc. (MRE.TO) lost over 6 percent after announcing a marginally lower second-quarter net earnings.

Retailer Sears Canada Inc. (SCC.TO) slipped over 1 percent after reporting a wider second-quarter net loss of C$9.8 million or C$0.10 per share compared to a net loss of C$0.2 million or break even per share in the year ago quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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