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Canadian News
Gold Stocks Lead TSX To Fourth Straight Gain
11/6/2009 4:26 PM ET
(RTTNews) -
A surge in gold prices outweighed disappointing employment data and Canadian stocks finished higher for a fourth day in a row.
The S&P/TSX Composite Index added 69.72 points or 0.62% to 11,250.42. The market gained more than 300 points on the week, moving off of a two-month low.
Gold stocks rose 3.25% as the precious metal finished above $1,095 after earlier hitting above $1,100. Royal Gold (RGL.TO) has rallied 8.3%, Iamgold (IMG.TO) added 5.1% and Yamana (YRI.TO) was up 3.25%.
Air Canada (AC-B.TO) rose 4.5% after the company reported that its third-quarter net income was C$277 million or C$2.44 per share, compared to a loss of C$132 million or C$1.32 per share in the same quarter last year.
by RTT Staff Writer
For comments and feedback: contact editorial@rttnews.com
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