MW: Canada gains on strong indicators, commodities
By Austen Sherman
SAN FRANCISCO (MarketWatch) -- Canadian stocks traded higher Tuesday, aided by strengthening commodity prices and strong domestic economic indicators. The S&P/TSX Composite Index CA:$ISPTX +1.07% was up 116 points, or 0.9%, to 12,973.70. Energy stocks were the big gainer, and the S&P/TSX Capped Energy Index XX:TTEN +1.45% added 1.2%. Shares of Talisman Enery Inc. CA:TLM +2.22% rose 2%, while Nexen Inc. CA:NXY +2.57% jumped 2.3%. The sector was boosted by rising oil prices CL1N +0.71% , up 1.1% to trade for over $94 a barrel. The mining heavy S&P/TSX Capped Materials Index XX:TTMT +1.84% was up 1.3%. Kinross Gold Corp. CA:K +1.78% rose 1.4%. Statistics Canada Tuesday said an index of leading economic indicators for May rose 1% while retail sales for April were up 0.3%.
