By Wallace Witkowski, MarketWatch
SAN FRANCISCO (MarketWatch) — Gold prices helped Canadian stocks break their four-day losing streak Thursday, but just barely, as futures for the precious metal bounced off 10-month lows.
Shares of Barrick Gold Corp. /zigman2/quotes/209252292/delayed CA:ABX +0.04% closed up 6.9%, Goldcorp Inc. /zigman2/quotes/225792379/delayed CA:G -1.44% jumped 6.9%, Yamana Gold Inc. /zigman2/quotes/206359073/delayed CA:YRI +0.25% shares rose 4.6%, Eldorado Gold Corp. /zigman2/quotes/207321207/delayed CA:ELD +0.90% rose 5.8%, and Kinross Gold Corp. /zigman2/quotes/200423011/delayed CA:K -0.24% shares advanced 6.5%.
The S&P/TSX Composite Index rose less than 0.1% to 11,330.68 as the S&P/TSX Capped Materials Index /zigman2/quotes/210598474/delayed XX:TORGC195 -0.21% advanced 3.7%. For the week, the S&P/TSX Composite Index is down 3.1%.
Gold for June delivery rose $38.30, or 2.5%, to settle at $1,574.90 an ounce on the New York Mercantile Exchange. Read more on gold turnaround.
The S&P/TSX Capped Energy Index /zigman2/quotes/210598495/delayed XX:TORGC187 -3.29% rose 0.1%, led by Suncor Energy Inc. /zigman2/quotes/204570600/delayed CA:SU -2.01% , which traded up 0.3%, and Canadian Natural Resources Ltd. /zigman2/quotes/203742161/delayed CA:CNQ -3.77% , with shares up 1.5%.
Oil for June delivery slipped 25 cents, or 0.3%, to settle at $92.56 a barrel on the Nymex.
The Canadian dollar continued its fall against its U.S. counterpart /zigman2/quotes/210561978/realtime/sampled USDCAD +0.2029% with the greenback buying C$1.0193, compared with C$1.0118 late Wednesday.























