Investor Alert

July 27, 2012, 11:19 a.m. EDT

Canada stocks up as Mega Brands, TransForce rally

SAN FRANCISCO (MarketWatch) -- Canadian stocks extended their climb into a second session on Friday, with Toronto's benchmark equities index set for a gain on the week on strength in the metals and mining and technology sectors. The S&P/TSX Composite added 52 points, or 0.4%, at 11,691. Among the sectors, a 1% rise in metals and mining stocks led the rise, followed by a 0.8% climb in information technology stocks (TORONTO:XX:TORGC194) . On the earnings front, Mega Brands Inc. posted a second-quarter profit about five times higher than the same quarter a year ago. Shares of the toy maker rallied 6.9% following the news. TransForce Inc. posted a 30% rise in second-quarter profit, fueling an 8% jump in the trucking company's shares. Taking a major hit, TMX Group Inc. (TSE:CA:X) , operator of the Toronto Stock Exchange, reported its second-quarter profit had tumbled 97%, citing costs related to its Maple Group acquisition. In currency trading, Canada's dollar rose against the greenback (XTUP:USDCAD) , with one U.S. dollar purchasing C$1.0058 vs. C$1.0100 Thursday.

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