Equities in Toronto rose at the open on Wednesday, helped by gains among gold mining stocks as the price of bullion hit its highest level since late June.
The S&P/TSX composite index mushroomed 79.75 points to open for business Wednesday at 13,924.48
The Canadian dollar hiked 0.29 cents at 76.99 cents U.S.
Bombardier said it is on track to certify its new CSeries CS100 jet by the end of the year, and is 100% committed to the program, which has not won a new firm order in over a year. The plane is now entering the final stage of flight testing, with all the high risk testing completed, which puts the first jet on track to be delivered to Lufthansa's Swiss unit in the first half of 2016.
Bombardier shares climbed seven cents, or 4.1%, to $1.77.
CIBC cut the target price on Eastern Platinum to $1.00 from $1.50 considering that palladium price upside is likely to be constrained by platinum.
Platinum shares took on one cent to $1.10.
DragonWave Inc reports Q2 results today, expecting a loss of four cents per share. DragonWave shares acquired half a cent, or 2%, to 25 cents.
ON BAYSTREET
The TSX Venture Exchange added 2.5 points to 555.88
All but two of the 13 TSX subgroups were higher in the early going, mostly gold, up 2.6%, health-care, better by 2%, and materials, forging higher 1.8%.
The two laggards were consumer staples, down 0.2%, and real-estate, off 0.1%.
ON WALLSTREET
U.S. stocks traded in a narrow range Wednesday, struggling to hold slight gains as investors digested mixed earnings and soft data.
The Dow Jones industrial average inched up 3.6 points to 17,085.49, with Pfizer leading advancers and Intel the greatest laggard.
The S&P 500 recovered 3.97 points to 2,007.66, as health-care leading eight sectors higher and financials and industrials lagging.
The NASDAQ index gained 21.39 points to 4,818.
Following on from JPMorgan's disappointing results late Tuesday, Bank of America reported earnings that beat analysts' expectations. Meanwhile, BlackRock said its third-quarter profits fell 8%.
Wells Fargo also reported earnings that beat expectations.
U.S. retail sales barely rose in September as cheaper gasoline weighed on service station receipts, while producer prices posted their biggest decline in eight months.
Elsewhere economically, August business inventories remained unchanged while economists expected a 0.1% increase.
The U.S. Federal Reserve's latest Beige Book is also scheduled for 2:00 p.m. ET.
China's consumer price index (CPI) rose 1.6% in September from a year earlier, against forecasts of a 1.8% rise from a Reuters poll and following August's 2% gain.
China's share markets slid into negative territory in the afternoon trading session, with the Shanghai Composite down nearly 1%. Major indices in Europe traded about half a percentage point lower.
Prices for 10-year U.S. Treasuries were higher, dropping yields to 2.01% from Tuesday’s 2.04%. Treasury prices and yields move in opposite directions.
Oil prices shed two cents a barrel to $46.64 U.S.
Gold prices gained $6.39 to $1,175.43 U.S. an ounce.
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