Bay Street stocks remained slightly higher on Wednesday after giving back most of its daily gains. Resource stocks remained higher, offsetting a drop in the energy sector.
The S&P/TSX Composite Index finished 13.01 points up to close at 11,439.75.
Materials stocks were up 0.9% and gold stocks gained 0.7% as the precious metal extended its record high. Pan American Silver gained 2.4% after the company reported third quarter income of $17.38 U.S. million or $0.20 U.S. per share, compared to $6.40 million U.S. or $0.08 U.S. per share in the year-ago quarter.
Energy stocks were down, as Baytex Energy Trust dropped 2.4% and Encana was down 1.8%.
In corporate news, First Quantum Minerals slid 1% after the company posted third quarter net income of $123.8 million U.S. or $1.50 U.S. per share versus $147.5 million U.S. or $2.13 U.S. per share reported in the prior-year period.
Grey Horse climbed 3.6% after the company said its third-quarter net income and comprehensive income rose to $1.63 million from $1.28 million in the year-ago period.
TSO3 plunged 16.6% after the company reported its third-quarter net loss widened to $2.29 million from $1.85 million in the year-ago quarter.
CAE Inc. dropped 2.9% after the company reported net earnings for the second quarter declined to $39.1 million or $0.15 per share from $49.2 million or $0.19 per share in the previous year.
Berens Energy slipped 2.75% after the company said its third-quarter net loss for the latest quarter was $3.56 million or $0.04 per share versus a profit of $8.17 million or $0.09 per share in the year-ago period.
Boralex slipped 0.7% after the company reported net income for the third quarter of $698,000 or $0.02 per Class A share, compared to $5.68 million or $0.15 per share in the year-ago quarter.
Rona Inc. rose 2% after the stock was upgraded to "outperform" from "neutral" and had its price target upped to $20 from $13 at Credit Suisse.
The Canadian dollar improved 0.34 cents to 95.60 cents U.S.
ON BAYSTREET
Of the 14 TSX subgroups, eight were higher, led by information technology, up 0.7%, materials, gaining 0.4% and financials, up 0.3%.
The half-dozen losing groups were weighed mostly by real-estate, off 0.6%, energy, down 0.4% and consumer staples, slipping 0.3%.
The TSX Venture Exchange gained back 8.81 points to 1,353.94, while the Nasdaq Canada index was 10.77 points upward to 693.12.
ON WALLSTREET
In New York, stocks ended higher Wednesday, with the Dow industrials finishing at a 13-month high for third straight day, after investor optimism rose on the expectation that interest rates would remain low for some time.
The Dow Jones Industrials finished ahead 44.29 points to 10,291.26. The S&P 500 index was 5.50 points better to 1,098.51, while the Nasdaq composite index was 15.82 points ahead to 2,166.90.
Federal Reserve officials speaking Tuesday said the economic recovery was likely to be weak, and they also reinforced the view that the central bank would keep interest rates low for the foreseeable future.
AIG's Robert Benmosche threatened to step down as CEO of the bailed-out insurer, telling the company board that he's "done" because of government restraints, according to the Wall Street Journal, which cited unidentified people familiar with the matter.
Treasurys were not trading today, on either side of the border, for the Veterans Day/Remembrance Day holiday
The price of a barrel of oil moved 23 cents ahead to $79.26 U.S.
Gold prices gained $12, to $1,115 U.S. an ounce.
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