Canadian Financial Close: TSX reaches new record high

Posted

By Commodity News Service Canada


WINNIPEG, Nov. 7 – The TSX hit a new high Tuesday as gains

in Valeant Pharmaceuticals International pushed it up.


Valeant rose 14.8 per cent to $17.71 a share after a

forecast-beating profit on the strength of its Bausch and Lomb

eye-care business.


Oil prices held most of their gains after posting the

biggest rise in six weeks after the Saudi crown prince tightened

his grip on power and tensions cranked up between the kingdom

and Iran. Brent crude futures were at $64.04 a barrel.


The Canadian dollar settled Tuesday at US$0.7822 cents or

C$1.2782, compared to Monday’s North America close of US$0.7846

cents or C$1.2746.


In Toronto, the S&P/TSX Composite Index was up 39.59

points, or 0.25 per cent to 16,130.


Canada’s agricultural sector performed as follows:


AGT Food and Ingredients—–dn $ 3.32 at $ 19.69

Agrium Incorporated———-up $ 1.47 at $138.63

Buhler Industries————dn $ 0.05 at $ 4.45

Maple Leaf Foods————-up $ 0.10 at $ 33.28

Potash Corp. of Sask———dn $ 0.01 at $ 24.49


(All figures are in Canadian dollars.)