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TSX Up At Open Wednesday

Bay Street stocks moved up at open Wednesday amid buying in commodities, with the S&P/TSX Composite Index adding 51.79 points or 0.43 percent to 12,142.73.

The Diversified Materials Index gained close to 2 percent, with First Quantum Minerals (FM.TO) and Teck Resources (TCK_B.TO) adding over 2 percent each.

The Global Gold Index was up about 3 percent. Barrick Gold Corp. (ABX.TO) jumped 6 percent despite reporting lower first-quarter net earnings.

Allied Nevada Gold (ANV.TO gathered over 6 percent. Royal Gold (RGL.TO), Goldcorp. (G.TO) and Agnico-Eagle Mines (AEM.TO) were up around 2 percent each.

Canadian Pacific Railway (CP.TO) added 0.50 percent after reporting higher first-quarter net income.

In the financial space, Scotiabank (BNS.TO) eased 0.30 percent after it said it has acquired 50 percent of BBVA's pension fund management business, AFP Horizonte, in Peru for approximately C$260 million.

TD Bank (TD.TO0 and Royal Bank (RY.TO) slipped around 0.50 percent each, while National Bank (NA.TO) was adding about 1 percent.

by RTT Staff Writer

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