Canadian Edging Higher After Weak Start

(RTTNews) - After a weak start, the Canadian stock market was up marginally in positive territory around noon on Tuesday, led by gains in materials and select energy shares.

With Christmas and Boxing Day holidays ahead, investors were largely refraining from making significant moves. The market will close at 1 PM today for Christmas Eve.

The benchmark S&P/TSX Composite Index was up 19.48 points, or 0.11%, at 17,148.19 a few minutes before noon, after having edged down to 17,095.22 earlier in the session.

On Monday, the index ended up 10.27 points, or 0.06% at 17,128.71, off a new all-time high of 17,166.39. It touched a low of 17,102.25 in the session.

The Capped Materials Index was up by about 2%. Oceanagold Corp. (OGC.TO), the top gainer in the index, was up 8%. MAG Silver Corp (MAG.TO), First Majestic Silver Corp (FR.TO) and Yamana Gold (YRI.TO) gained 5 to 6%.
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