Monday, October 15, 2007 10:38:38 AM
Strong gold and oil prices boost Toronto stocks -
Mon Oct 15, 2007 10:04 AM EDT144
TORONTO (Reuters) - Toronto's main stock market index jumped at the open on Monday as record oil prices and buoyant metal prices boosted the resource-heavy market.
Minutes after the open, the Toronto Stock Exchange's S&P/TSX composite index <.GSPTSE> was up 59.48 points, or 0.4 percent, at 14,355.34.
Only four of the TSX index's 10 main groups rose, with energy shares up 0.75 percent and the materials group up 1.1 percent.
U.S. crude oil jumped to a record high of $85.19 a barrel on Monday after OPEC forecast higher demand amid colder North American temperatures.
Meanwhile, gold flirted with a 28-year high of $756.55 an ounce on the back of a weak U.S. dollar, record oil prices and geo-political tensions.
Goldcorp (G.TO: Quote), the country's No. 2 producer, was up 80 Canadian cents at C$32.47.
($1=$0.97 Canadian)
http://www.goldcorp.com
mo. Tia.
God Bless
Mon Oct 15, 2007 10:04 AM EDT144
TORONTO (Reuters) - Toronto's main stock market index jumped at the open on Monday as record oil prices and buoyant metal prices boosted the resource-heavy market.
Minutes after the open, the Toronto Stock Exchange's S&P/TSX composite index <.GSPTSE> was up 59.48 points, or 0.4 percent, at 14,355.34.
Only four of the TSX index's 10 main groups rose, with energy shares up 0.75 percent and the materials group up 1.1 percent.
U.S. crude oil jumped to a record high of $85.19 a barrel on Monday after OPEC forecast higher demand amid colder North American temperatures.
Meanwhile, gold flirted with a 28-year high of $756.55 an ounce on the back of a weak U.S. dollar, record oil prices and geo-political tensions.
Goldcorp (G.TO: Quote), the country's No. 2 producer, was up 80 Canadian cents at C$32.47.
($1=$0.97 Canadian)
http://www.goldcorp.com
mo. Tia.
God Bless
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