TSX ekes out modest gain as jittery investors counter upbeat earnings
Canadian Press / July 29, 2010Article Tools
The Toronto stock market eked out a modest gain as investor nervousness about the economic recovery countered a batch of upbeat earnings from key resource companies.
The S&P/TSX composite index closed up 32.01 points to 11,728.64 at the end of a volatile trading day.
Suncor Energy (TSX:SU), Barrick Gold (TSX:ABX), Goldcorp (TSX:G), and Potash Corp. of Saskatchewan Inc. (TSX:POT) all reported big jumps in second-quarter profit and revenue.
But, investors were hesitant to jump into the market with both feet in advance of reports on Canadian and U.S. GDP data, due out Friday, and next week's employment numbers.
The price of oil gained $1.37 to US$78.36 a barrel, while bullion added $8 to close at US$1,168.40 an ounce.
The loonie was up 0.22 of a cent to 96.51 cents U.S.
For just the data tables, click here.
Filed by Canadian Press, editor@Advisor.ca
Originally published on Advisor.ca
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