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Investor Alert

Aug. 7, 2012, 10:32 a.m. EDT

Canada stocks jump, loonie tests parity

SAN FRANCISCO (MarketWatch) -- Canadian stocks rallied Tuesday after the long holiday weekend, with Toronto's benchmark equities index rising 141 points, or 1.2%, to 11,804. Leading sectors, metals and mining stocks jumped 3.8%, followed by a 2.2% rise in the materials sector (TORONTO:XX:TORGC195) and 2.1% climb by information technology equities (TORONTO:XX:TORGC194) . Top percentage gainers among commodity companies were Ivanhoe Mines (TSE:CA:IVN) up 5.5%, class B shares Teck Resources adding 4.3%, and Second Wave Petroleum jumping 10.5%. Supporting the technology sector, shares of BlackBerry maker Research in Motion rose 5.2%. After four weeks of gains, the Canadian dollar again broke parity against its U.S. counterpart (XTUP:USDCAD) , with one U.S. dollar purchasing C$0.9969 vs. C$1.0006 Monday.

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