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TSX Edges Up At Open Friday

Bay Street stocks edged up at open Friday amid buying in commodities, with the S&P/TSX Composite Index adding 26.70 points or 0.21 percent to 12,826.60.

In the oil patch, paramount Resources (POU.TO) and Encana Corp. (ECA.TO) were up over 1 percent each.

Conventional oil and gas company Crescent Point Energy (CPG.TO) gained close to 2 percent after reporting a wider fourth-quarter net loss

Among gold plays, Goldcorp. (G.TO), Barrick Gold (ABX.TO) and Agnico-Eagle Mines (AEM.TO) were up around 1 percent each.

In the base-metals space, Teck Resources (TCK_B.TO) gained about 1 percent.

Communications services company TELUS Corp. (T.TO) edged up 0.50 percent after it said that its Board of Directors has approved a two-for-one stock split of the company's outstanding common shares

Bio pharmaceutical company Cardiome Pharma Corp. (COM.TO) swung to profit in the fourth quarter of 2012. The stock dived 2.50 percent.

by RTTNews Staff Writer

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