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Aug. 4, 2010, 10:33 p.m. EDT

Canadian stocks extend gains, supported by materials, gold

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By Catherine Carlock, MarketWatch

SAN FRANCISCO (MarketWatch) -- Canadian stocks notched gains Wednesday, supported by materials and gold stocks, but BlackBerry-maker Research In Motion deepened its prior-session losses.

The S&P/TSX Composite Index rallied 62 points, or 0.5%, to 11,845.

European Goldfields Ltd. led materials stocks higher, surging 11.5%. HudBay Minerals Inc. /zigman2/quotes/208987353/delayed CA:HBM -1.61% jumped 8.2%, as shares of West Fraser Timber Co. Ltd. rose 6.1%.

Shares of Agrium Inc. added 3.6% after the Calgary-based agricultural-products company reported a 37% jump in second-quarter profit early Wednesday.

Among commodities, gold for December delivery, the most actively traded contract, added $8.40, or 0.7%, to $1,195.90 an ounce on the Comex division of the New York Mercantile Exchange. Read about metals stocks.

Gold stocks followed gold futures higher, with shares of Silvercorp Metals Inc. /zigman2/quotes/210397281/delayed CA:SVM -0.84% adding 5%. Iamgold Corp. /zigman2/quotes/206182143/delayed CA:IMG -5.69% jumped 6.5%, and shares of Agnico-Eagles Mines Ltd. /zigman2/quotes/205100210/delayed CA:AEM -1.84% rose 4%.

Research In Motion Ltd. weighed on the tech sector, extending its prior session losses and falling 4.5% in Toronto and 3.9% in New York, extending its prior-session losses.

Crude-oil futures inched lower after a government report showed a larger-than-expected decrease in oil inventories. Crude for September delivery lost 8 cents, or 0.1%, to $82.47 a barrel in New York. Read more on oil prices.

Financial stocks held slight gains, with shares of Toronto-Dominion Bank /zigman2/quotes/209283160/delayed CA:TD -0.63% , Canadian Imperial Bank of Commerce /zigman2/quotes/206423838/delayed CA:CM -1.40% and Bank of Montreal /zigman2/quotes/203180563/delayed CA:BMO -1.08% all closing a fraction higher.

The Canadian dollar rose Wednesday, with one U.S. dollar falling to C$1.0172, down from C$1.0239 on Tuesday.

/zigman2/quotes/208987353/delayed
CA : Canada: Toronto
$ 5.82
-0.10 -1.61%
Volume: 834,169
Oct. 5, 2022 12:19p
P/E Ratio
N/A
Dividend Yield
0.34%
Market Cap
$1.55 billion
Rev. per Employee
$809,432
loading...
/zigman2/quotes/210397281/delayed
CA : Canada: Toronto
$ 3.53
-0.03 -0.84%
Volume: 202,877
Oct. 5, 2022 12:17p
P/E Ratio
17.41
Dividend Yield
0.90%
Market Cap
$630.07 million
Rev. per Employee
$211,385
loading...
/zigman2/quotes/206182143/delayed
CA : Canada: Toronto
$ 1.58
-0.10 -5.69%
Volume: 711,817
Oct. 5, 2022 12:20p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$799.93 million
Rev. per Employee
$303,115
loading...
/zigman2/quotes/205100210/delayed
CA : Canada: Toronto
$ 60.26
-1.13 -1.84%
Volume: 513,220
Oct. 5, 2022 12:21p
P/E Ratio
26.85
Dividend Yield
3.48%
Market Cap
$27.98 billion
Rev. per Employee
$517,135
loading...
/zigman2/quotes/209283160/delayed
CA : Canada: Toronto
$ 87.44
-0.55 -0.63%
Volume: 2.43M
Oct. 5, 2022 12:22p
P/E Ratio
11.09
Dividend Yield
4.07%
Market Cap
$159.53 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206423838/delayed
CA : Canada: Toronto
$ 61.41
-0.87 -1.40%
Volume: 790,379
Oct. 5, 2022 12:21p
P/E Ratio
8.83
Dividend Yield
5.41%
Market Cap
$56.21 billion
Rev. per Employee
$584,802
loading...
/zigman2/quotes/203180563/delayed
CA : Canada: Toronto
$ 123.94
-1.35 -1.08%
Volume: 498,671
Oct. 5, 2022 12:21p
P/E Ratio
7.41
Dividend Yield
4.49%
Market Cap
$84.50 billion
Rev. per Employee
$825,137
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Catherine Carlock is a San Francisco-based reporter for MarketWatch.

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