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CANADA STOCKS-TSX rises on materials sector strength Reuters 2 hrs ago
May 14 (Reuters) - Canada s main stock index rose on Friday supported by material stocks, as gold prices gained, with the dollar pulling back from one-week highs after U.S. Federal Reserve officials downplayed inflation concerns.
Popular Searches The materials sector, which includes precious and base metals miners and fertilizer companies, added 1.0% as gold futures rose 0.8% to $1,837.4 an ounce. At 9:38 a.m. ET (13:38 GMT), the Toronto Stock Exchange s S&P/TSX composite index was up 93.43 points, or 0.49%, at 19,229.24. Canadian factory sales rose 3.5% in March from February, led by motor vehicle, petroleum and coal, and food product industries, Statistics Canada said.
Market movers: Stocks seeing action on Friday - and why theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.