Canadian News

TSX Up At Open Thursday

Bay Street stocks moved up at open Thursday amid buying in commodities, with the S&P/TSX Composite Index gaining 81.96 points or 0.70 percent to 11,756.97.

In the oil patch, Crescent Point Energy (CPG.TO) moved up nearly 3 percent after posting a narrower first quarter net loss. Crew Energy Inc. (CR.TO) gained nearly 2 percent after posting a much improved first-quarter funds from operations.

Among financial plays, Sun Life Financial (SLF.TO) rose over 3 percent after it said its first-quarter net income advanced to C$686 million or C$1.15 per share from C$438 million or C$0.73 per share last year.

Among gold plays, Aurizon Mines Ltd. (ARZ.TO) gathered over 6 percent after reporting improved first quarter net profit. Kirkland Lake Gold (KGI.TO) added over 4 percent.

Meanwhile, smartphone maker Research In Motion (RIM.TO) shed close to 2 percent.

Transportation company Bombardier Inc. (BBD_A.TO, BBD_B.TO) lost over 4 percent after posting lower first-quarter net income.

by RTTNews Staff Writer

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