canada\s main stock up over industrial sector boost
Last Updated : GMT 02:54:03
Arab Today, arab today
Arab Today, arab today

Canada\'s main stock up over industrial sector boost

Arab Today, arab today

Arab Today, arab today Canada\'s main stock up over industrial sector boost

Tornato - XINHUA

Canada's main stock index moved up Thursday over the boost of the industrial sector, although the metals sector lost. Toronto Stock Exchange's S&P/TSX composite index added 0.67 percent or 92.06 points to close at 13,735.28, with gains in industrials shares offsetting losses in the metals sector. The industrials shares led the gainers by 1.84 percent as the earnings report of Canadian National Railways boosted the sector. The railways maker advanced to 59.34 Canadian dollars per share, increasing 2.17 percent, after it reported that its net income in the fourth-quarter of 2013 was 635 million Canadian dollars, compared with the net income of 610 million Canadian dollars for the year-earlier quarter. And its adjusted diluted earnings per share for the year of 2013 increased 9 percent to 3.06 Canadian dollars, with adjusted net income of 2,582 million Canadian dollars in 2013, up from 2,456 million Canadian dollars in 2012. Air Canada, another Canadian industrial giant, moved up 6.42 percent to 7.63 Canadian dollars. By contrast, the metals sector suffered a decrease of 1.02 percent, with most of the gold companies in the red. Barrick Gold Corporation, the world's biggest gold producer, was down 1.74 percent to close at 21.45 Canadian dollars apiece. And China Gold International Resources Corp. Ltd. tumbled 6.2 percent to end Thursday's trade at 3.32 Canadian dollars. The info-tech sector was up 1.06 percent and the telecommunication shares rose 1.37 percent. On the currency front, the Canadian dollar moved slightly higher to 0.8956 U.S. dollars on Thursday, compared with 0.8954 U.S. dollars in Wednesday's trading.

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