TSX rises as Tahoe, financials lead rally [Business News Network (BNN) Energy & Resources (Canada)]
TAHOE RESOURCES (TAHO)
Last tahoe resources earnings: 11/6 04:05 pm
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Source: Business News Network
TSX rises as Tahoe, financials lead rally Canada's main stock index rose on Monday on the weakening of Hurricane Irma overnight and North Korea refraining from a missile test to mark its 69th anniversary, with financial stocks and Tahoe Resources leading the rally. The Toronto market moved in sync with global stocks, which hit a record high, amid the investor relief. Financial stocks were the most influential movers on the index, though gains by the big banks were generally moderate. The group was up 0.6 per cent, with Brookfield Asset Management ( BAMa.TO ) rising 1.7 per cent to $48.18, Fairfax Financial Holdings Ltd ( FFH.TO ) advancing 2.5 per cent to $611.29. At 10:26 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index rose 55.35 points, or 0.37 per cent, to 15,040.67, rebounding after five straight sessions of losses. Materials and utilities were the only groups that retreated. The energy group climbed 0.5 per cent despite weaker oil prices. Tahoe Resources ( THO.TO )
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