Gold miners lead way to solid gain on TSX

The Canadian Press

tsx3The Toronto stock market was higher Monday as traders picked up beaten-down gold stocks while bullion prices had their biggest one day move upward in more than a year.

The S&P/TSX composite index gained 53.59 points to 12,738.72 on top of four straight weeks of gains as traders also looked towards a busy earnings week for Canadian corporations.

The Canadian dollar was ahead 0.28 of a cent to 96.72 cents US.

U.S. indexes were lacklustre amid an earnings disappointment from McDonald’s and some weakness from the housing sector as the Dow Jones industrials slipped 3.61 points to 15,540.13, the Nasdaq was 8.35 points higher to 3,595.97, while the S&P 500 index rose 2.46 points to 1,694.55.

Overall, earnings at U.S. companies have shown more positive surprises than disappointments.

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