Title: Roundup Canadian stocks make a
Tags:
Blog Entry: Roundup: Canadian stocks make a 2.2 percent rise for the week TORONTO, Feb. 12 (Xinhua) -- Canadian stocks eventually recovered the pandora style beads loss in the early day's trading after China increased its bank reserve requirements for a second time this year. The S&P/TSX Composite Index closed 34.32 points, or 0.30 percent, higher at 11,469.81 on Friday. The index achieved a rise of 2.20 percent for the week. Crude oil futures lost 1.44 percent at 74.13 U.S. dollars a barrel on Friday. Suncor Energy Inc. decreased 1.15 percent. Raw materials account for about half of Canada's export revenue. The Energy Index on the Toronto Stock Exchange gained 0.25 percent. EnCana Corp., Canada's biggest Natural Gas producer advanced 1.84 percent. Gold futures decreased 0.41 percent at 1,090.20 U.S. dollars Pandora Beads Wholesale an ounce on Friday. Barrick Gold Corp. declined 0.51 percent. Copper producer First Quantum Minerals Ltd. dropped four percent. BlackBerry maker Research In Motion Ltd. climbed 3.31 percent after Royal Bank of Canada analyst Mike Abramsky made the company a "top pick." Canadian dollar fell from almost a three-week high against its U.S. counterpart as China raised reserve requirements, discouraging demand for currencies related to economic growth. One U.S. dollar was buying 1.0501 Canadian dollars at the end of the week's trading, comparing with one U.S. dollar purchasing 1.0499 Canadian catalog printing dollars on Thursday and 1.0708 Canadian dollars on last Friday.
VIEW FULL VERSION: Link