Bay Street stocks jumped at open Tuesday amid buying in commodities, with the S&P/TSX Composite Index adding 87.29 points or 0.72 percent to 12,163.32.
The Diversified Materials Index rose nearly 2 percent, with First Quantum Minerals (FM.TO), Inmet Mining (IMN.TO) and Teck Resources (TCK_B.TO) gaining around 2 percent each.
In the oil patch, Tourmaline Oil (TOU.TO), Cenovus Energy (CVE.TO) and Baytex Energy Corp. (BTE.TO) moved up around 1 percent each.
Gold stocks were trading higher amid a surge in bullion prices. Among gold plays, Allied Nevada Gold (ANV.TO), Royal Gold (RGL.TO), Barrick Gold (ABX.TO) and Goldcorp. (G.TO) gathered over 2 percent each. Kirkland Lake Gold (KGI.TO) gained about 4 percent.
Meanwhile, solar photovoltaic products maker Trina Solar Limited (TSL) surrendered nearly 2 percent after slipping into the red in second quarter, reporting net loss of $92.10 million compared to profit of $11.76 million last year. Loss per ADS was $1.30 compared to profit of $0.17 prior year. Analysts expected the company to report a loss of $0.79 per share this quarter.
by RTT Staff Writer
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