Business
TSX higher on strong commodity prices
Mar 15, 2013 / 7:27 am
The Toronto stock market was higher early Friday as prices rose for key commodities while data suggested a cooling of the Canadian housing market.
The S&P/TSX composite index gained 55.80 points to 12,799.91 shortly after markets opened.
The Canadian dollar was up 0.19 of a cent at 98.01 cents US, coming off a three-week high of 98.22 reached earlier in the morning.
The Canadian Real Estate Association reported that home and condo resales fell 2.1 per cent in February from the previous month, when they logged a small gain.
On a year-over-year basis, last month's activity was down 15.8 per cent
Meanwhile, U.S. markets gave back some of the enthusiastic gains from recent sessions, when the Dow surged to a record high, while the S&P neared its own record mark.
The Dow industrials dropped 34.99 points off its new high to 14,504.15.
The Nasdaq was down 4.75 points to 3,254.18 and the S&P 500 index slid 2.97 points to 1,560.26.
In commodities, the April crude contract on the New York Mercantile Exchange added 56 cents to US$93.59 a barrel, while the TSX energy sector gained 0.6 per cent.
Gold stocks were up 0.4 per cent as April bullion rose 90 cents to US$1,591.60 an ounce. May copper gained 0.7 of a cent to US$3.54 a pound.
Meanwhile, in the U.S. a spike in gas prices drove up expenses in February. The Labor Department says consumer prices increased a seasonally adjusted 0.7 per cent last month from January, the biggest rise since June 2009. Three-fourths of the increase reflected a 9.1 per cent surge in gas prices.

Read more Business News
Today's Market
| S&P TSX | 12658.09 | -94.41 |
| S&P CDNX | 942.05 | -0.03 |
| DJIA | 15294.50 | -12.67 |
| Nasdaq | 3498.965 | +33.722 |
| S&P 500 | 1650.51 | -4.84 |
| Gold | 1389.30 | -2.70 |
| Lumber | 316.00 | -4.50 |
| Oil | 96.05 | -0.11 |
| Natural Gas | 4.271 | +0.01 |
| CDN Dollar | 0.9688 | N/A |
_
Okanagan Companies
| Sun Rype | 6.10 | 0.00 |
| Pacific Safety | 0.07 | +0.02 |
| Knighthawk | 0.02 | 0.00 |
| QHR Technologies Inc | 0.57 | -0.03 |
| Cantex | 0.015 | 0.00 |
| Anavex Life Sciences | 0.50 | -0.02 |
| Metalex Ventures | 0.08 | -0.005 |
| Russel Metals | 26.62 | -0.10 |
| Copper Mountain Mining | 1.75 | -0.02 |
| Colorado Resources | 1.45 | +0.06 |
| ReliaBrand Inc | 0.13 | 0.00 |
_
John Thomson's I Didn't Know That!I vowed when I started this column twenty-five years ago that I wasn’t going to write about politics and I have held the line until today but this item is really about questions. I looked back o...
Stocks press onBig Picture Stocks press on Most major global equity markets continued their upward journeys this week despite less-than-inspired economic data. In the US, weaker-than-forecast employment and housing...
Tips for a stress-free summer moveThe majority of Canadians prefer to make their big move during the summer season. There are a variety of reasons for choosing this time of year: it is easier to transport boxes in non-icy condition...
_
- Loonie takes a short dive
- Music industry biggies donate $70M
- IRS investigated for tea party targeting
- Loonie weakens as commodities fall
- The buck is up - a little
- Cheap deadly cars made in Brazil
- Bangladesh to raise wages
- Open for business
- 'Gatsby' earns $51.1M, 'Iron Man' $72.5M
- Chrysler recalls nearly 470,000 SUVs
- Bell not interested in selling more Astral
- Loonie dips over a quarter

Showcase your business like no other marketing can and Join the growing number of businesses that get more customers.
Learn more here












