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TSX Up At Open Friday

8/31/2012 9:58 AM ET

Toronto stocks were moving higher at open Friday amid marginal buying across a variety of sectors, with the S&P/TSX Composite Index adding 58.11 points or 0.49 percent to 11,944.76.

The Diversified Materials Index rose over 1 percent, with First Quantum Minerals (FM.TO) surging nearly 2 percent. Inmet Mining (IMN.TO) and Teck Resources (TCK_B.TO) moved up around 1 percent each.

Among financial plays, TD Bank (TD.TO) and Laurentian Bank (LB.TO) added around 1 percent each.

National Bank (NA.TO) edged up 0.50 percent after reporting improved third quarter net income of C$360 million or C$2.14 per share compared to C$318 million or C$1.87 per share in the year ago quarter.

In the oil patch, Canadian Natural Resources (CNQ.TO) and Crescent Point Energy (CPG.TO) gathered over 1 percent each.

In the gold space, Allied Nevada Gold (ANV.TO) moved up nearly 2 percent.

by RTT Staff Writer

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