Mining and Energy Sector Lead Canadian Stocks Higher
Canadian stocks enjoyed a nice rebound today after a couple day of losses, led by mining and energy companies. Leading the way in mining stocks were Cline Mining (TSE:CMK), which increased 3% and PC Gold (TSE:PKL), adding 1.2%. Agnico-Eagle Mines (TSE:AEM) growing 0.5% and Teck Resources (TSE:TCK.B) rising 0.7%.
Energy stocks got a boost from Suncor Energy (TSE:SU), which rose 1.2% and Canadian Natural Resources (TSE:CNQ) increasing by 1%.
Gold has also risen today and oil was relatively level, although gaining about 42 cents a barrel for May delivery. Gold was up over $6 an ounce as of this writing.
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