Feb 28, 2013 / 9:44 am
The Toronto stock market was higher at the open, with strength coming from the financial sector following a string of positive earnings reports from three of Canada's big banks.
The S&P/TSX composite index was ahead 20.39 points to 12,752.78 as Royal Bank (TSX:RY), CIBC (TSX:CM) and TD Bank (TSX:TD) all met earnings expectations. RBC and TD also upped their dividends.
The Canadian dollar was down 0.46 of a cent to 97.29 cents US.
U.S. indexes were little changed as the latest look at fourth-quarter economic growth was disappointing.
The U.S. economy grew at a 0.1 per cent annual rate from October through December, the weakest performance in nearly two years.
The Dow Jones industrials added 0.31 of a point to 14,075.68, the Nasdaq composite index was ahead seven points at 3,169.26 and the S&P 500 index gained 2.07 points to 1,518.06.
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|QHR Technologies Inc||0.57||-0.03|
|Anavex Life Sciences||0.50||0.00|
|Copper Mountain Mining||1.75||-0.02|
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