Big Gains by Noon for TSX
Canada''s main stock index rose on Tuesday, lifted by a slew of upbeat earnings from energy and mining companies, while investors waited for the U.S. Federal Reserve''s policy meeting this week for clues on the direction of interest rates. The SP|TSX Composite progressed toward noon hour ET on Tuesday ahead 309.72 points, or 1.5%, to 21,001.94. The Canadian dollar acquired 0.21 cents to 77.89 cents U.S. Restaurant Brands International fell 75 cents, or 1%, to $72.58, despite the Burger King owner beating estimates for quarterly results. Energy stocks were fired up, though, as Imperial Oil jumped $2.24, or 3.4%, to $67.41. ON BAYSTREET The TSX Venture Exchange leaped 5.88 points to 797.56 All but one of the 12 TSX subgroups were higher, with energy racing 3.1%, materials better by 2.3%, and information technology up 1.6%. Only health-care was negative, ailing 0.6%. ON WALLSTREET U.S. stocks rose on Tuesday as investors looked forward to a pivotal Federal Reserve meeting. The Dow Jones Industrials muscled higher 174.26 points to 33,235.76.
Big Gains by Noon for TSX
Canada''s main stock index rose on Tuesday, lifted by a slew of upbeat earnings from energy and mining companies, while investors waited for the U.S. Federal Reserve''s policy meeting this week for clues on the direction of interest rates. The SP|TSX Composite progressed toward noon hour ET on Tuesday ahead 309.72 points, or 1.5%, to 21,001.94. The Canadian dollar acquired 0.21 cents to 77.89 cents U.S. Restaurant Brands International fell 75 cents, or 1%, to $72.58, despite the Burger King owner beating estimates for quarterly results. Energy stocks were fired up, though, as Imperial Oil jumped $2.24, or 3.4%, to $67.41. ON BAYSTREET The TSX Venture Exchange leaped 5.88 points to 797.56 All but one of the 12 TSX subgroups were higher, with energy racing 3.1%, materials better by 2.3%, and information technology up 1.6%. Only health-care was negative, ailing 0.6%. ON WALLSTREET U.S. stocks rose on Tuesday as investors looked forward to a pivotal Federal Reserve meeting. The Dow Jones Industrials muscled higher 174.26 points to 33,235.76.