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Financial, Energy Stocks Lift TSX Up At Open Tuesday

Toronto stocks moved up at open Tuesday amid marginal buying across a variety of sectors, with the S&P/TSX Composite Index adding 72.55 points or 0.57 percent to 12,768.93.

The Energy Index rose about 1 percent with Imperial Oil (IMO.TO) and Niko Resources (NKO.TO) gaining over 1 percent each.

Among financial stocks, Royal Bank (RY.TO), National Bank (NA.TO) and TD Bank (TD.TO) rose around 0.50 percent each.

On the other hand, Scotiabank (BNS.TO) shed 1 percent despite reporting improved second quarter net income

Quick-service restaurants developer Tim Hortons Inc. (THI.TO) gained 1 percent after it said that it will purchase for cancellation 200,000 of its common shares

Valeant Pharmaceuticals International Inc. (VRX, VRX.TO) gathered about 2 percent after announcing that it has received a Complete Response Letter from the U.S. FDA

Gold stocks were trading lower amid weak bullion prices. Agnico-Eagle Mines (AEM.TO), Goldcorp. (G.TO) and Barrick Gold (ABX.TO) were down over 1 percent each.

by RTTNews Staff Writer

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