Canadian Stocks Cap Weekly Gain Amid Optimism After Jobs Reports


08/02/2014 08:31 AST

Canadian stocks advanced, capping a weekly gain for the benchmark index, amid optimism over economic growth after the release of employment reports for the nation and the U.S.

Detour Gold Corp. jumped 12 percent after Canaccord Genuity Corp. analysts raised the stock’s rating. Silver Standard Resources Inc. climbed 9.9 percent after CIBC World Markets Inc. upgraded the shares. Baytex Energy Corp. dropped 4.6 percent as it agreed to buy Aurora Oil & Gas Ltd. for C$1.8 billion ($1.63 billion). Aurora soared 55 percent.

The Standard & Poor’s/TSX Composite Index (SPTSX) increased 73.10 points, or 0.5 percent, to 13,786.50 at 4 p.m. in Toronto. The gauge, which has risen 1.2 percent in 2014, added 0.7 percent this week. Trading in S&P/TSX stocks was 13 percent above the 30-day average at the close.

For more on this Click Here

Bloomberg
Global News
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | News Archive
Most Viewed Companies
Ticker Price Volume
QNBK 127 470,450
ETISALAT 17.15 1,265,926
GFH 0.6
EMIRATESNBD 8 953,900
DAMAC 3.04 4,480,836
DANA 0.67 63,659,571
SABIC 102.33 6,566,984
Recent News

Maaden announces new Vice Chairman
The Saudi Arabian Mining Company (Maaden) announces the Board of Directors decision on June 21, 2017 of appointing H.E. Sulaiman Bin Abdulrahman Al-Gwaiz (non-executive member) as the Vice Chairman f

QNB sees minimal impact from standoff
Qatar National Bank said it expects to meet its earnings targets as the ongoing Saudi-led campaign to ‘isolate’ the country has minimal impact on its operations.

The Middle East’s largest le

Egypt seeks FDI boost as its economy struggles
Egypt’s investment ministry has finalised a much-anticipated set of regulations outlining incentives that it hopes will lure back badly needed foreign investors, Investment Minister Sahar Nasr told R

Qatar bourse says Gulf institutions dumped Qatari shares
The Qatar Stock Exchange on Wednesday said it believed some institutional investors from Saudi Arabia, the UAE and Bahrain dumped shares to drive down the Qatari stock market in the wake of the diplo

UAE banks clear $175bn cheques in 5 months
A total of 12.922 million cheques worth Dh643.7 billion ($175 billion) were handled by the UAE Clearing Cheque System during the first five months of 2017, according to the UAE Central Bank data.

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?