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Fundamental Analysis
Fundamental updates by Solid ECN
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[QUOTE="SOLIDECN, post: 229672, member: 80239"] [HEADING=1]S&P/TSX Composite Index Gains: Metals & Oil Surge[/HEADING] Solid ECN - The S&P/TSX Composite index increased by 0.8% to just over 21,070 on Thursday. This increase marked the second day of gains, helped by the excellent performance of companies dealing with precious metals and oil. New data from the US on shopping habits suggested the economy might not be as strong as thought, causing more people to invest in US government bonds and gold. [JUSTIFY] Shares of Barrick Gold rose by more than 2.5%. The energy companies on the Toronto Stock Exchange also did well, with an average increase of 1.4% in their value as oil prices went up after a significant fall the day before. Cenovus Energy stood out in the energy field, with its share price increasing by more than 3.5% thanks to better earnings than expected. In the same way, Manulife Financial's stock jumped nearly 7% after announcing earnings that far exceeded predictions.[/JUSTIFY] [/QUOTE]
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