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June 25, 2009, 6:05 p.m. EDT

Canadian shares rally along with Wall Street

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By Nick Godt, MarketWatch

NEW YORK (MarketWatch) -- Canadian stocks rose on Thursday, posting their third straight day of gains, tracking a rally on Wall Street and in crude oil prices, which received a boost after news of an attack on an oil pipeline in Nigeria.

The benchmark S&P/TSX Composite Index rallied 260 points, or 2.6%, to 10,361.

Advancing shares topped decliners by 933 to 535, while 267 issues were unchanged.

CA:ISPTX

On Wall Street, the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +2.24% gained 172 points, or 2%, to finish at 8,472. U.S. stocks received a boost from consumer-related stocks and with healthcare stocks rallying after media reports said Senate negotiators had cut the price-tag of a health-care reform bill.

Crude oil futures topped $70 a barrel on the New York Mercantile Exchange after militants attacked a key pipeline in Nigeria, the fifth largest oil exporter to the U.S. The market also remained supported by government data that showed a bigger-than-expected drop in U.S. inventories of crude oil. See Futures Movers.

Among energy stocks in Toronto, Suncor Energy /zigman2/quotes/204570600/delayed CA:SU +7.93% gained 5.2%, Talisman Energy rose 3.8%, and Jura Energy /zigman2/quotes/208861461/delayed CA:JEC -62.50% rallied 12%.

Metals also advanced with gold and copper both rising strongly. See Metals Stocks.

Among mining shares, Barrick Gold /zigman2/quotes/209252292/delayed CA:ABX +4.76% gained 5%, Yamana Gold /zigman2/quotes/206359073/delayed CA:YRI +4.81% rose 3.6%, Lundin Mining Corp. /zigman2/quotes/201246870/delayed CA:LUN +3.68% gained 3.1%and Eldorado Gold /zigman2/quotes/207321207/delayed CA:ELD +4.20% rose 11%.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
21,413.44
+469.93 +2.24%
Volume: 534.67M
April 2, 2020 5:11p
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/zigman2/quotes/204570600/delayed
CA : Canada: Toronto
$ 23.95
+1.76 +7.93%
Volume: 21.87M
April 2, 2020 4:00p
P/E Ratio
13.22
Dividend Yield
7.77%
Market Cap
$33.88 billion
Rev. per Employee
$3.09M
loading...
/zigman2/quotes/208861461/delayed
CA : Canada: TSX Venture
$ 0.05
-0.08 -62.50%
Volume: 0.00
March 17, 2020 12:17p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$5.87 million
Rev. per Employee
$788,102
loading...
/zigman2/quotes/209252292/delayed
CA : Canada: Toronto
$ 28.16
+1.28 +4.76%
Volume: 6.70M
April 2, 2020 4:00p
P/E Ratio
9.47
Dividend Yield
1.32%
Market Cap
$47.79 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206359073/delayed
CA : Canada: Toronto
$ 4.36
+0.20 +4.81%
Volume: 4.44M
April 2, 2020 4:00p
P/E Ratio
13.90
Dividend Yield
1.52%
Market Cap
$3.95 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201246870/delayed
CA : Canada: Toronto
$ 5.35
+0.19 +3.68%
Volume: 3.20M
April 2, 2020 4:18p
P/E Ratio
17.80
Dividend Yield
2.99%
Market Cap
$3.79 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207321207/delayed
CA : Canada: Toronto
$ 9.42
+0.38 +4.20%
Volume: 1.18M
April 2, 2020 4:18p
P/E Ratio
14.49
Dividend Yield
N/A
Market Cap
$1.51 billion
Rev. per Employee
N/A
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Nick Godt is a MarketWatch reporter based in New York.

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