[A-List] Threaten Iran and make a buck

["Macdonald Stainsby" <mstainsby@xxxxxxxxx>]

Stocks rise as Iran worry boosts oils
TSX ends nearly 100 points higher
Reuters
Published: Friday, March 23, 2007

TORONTO -- The Toronto Stock Exchange's main index ended nearly 100 points
higher on Friday, boosted by energy issues, which rose on fresh Middle
East tensions spurred by Iran's seizure of 15 British navy personnel, as
well as by strength in financials and materials.

The S&P/TSX composite index closed up 98.02 points, or 0.8%, at 13,237.66,
ending the week with a 3.2 percent rise.

Oil and gas shares rose 1.2% as U.S. crude oil continued to climb after
Thursday's rally, moving above $62 a barrel after the seizure of the
British navy personnel.

Canadian Natural Resources Ltd. rose $1.24, or 2%, to $62.43, while EnCana
Corp. climbed 64 cents, or 1.1%, to $58.

Overall, eight of the TSX index's 10 main groups were higher. The
information technology and health care sectors were down 0.1% and 0.4%
respectively.

The financial services sector, which makes up about a third of the index's
weight, jumped 0.6%. Shares of Royal Bank of Canada gained 65 cents, or
1.1%, to $58.47.

The materials group was also on the rise, gaining 0.8%. Goldcorp Inc.
stock rose 73 cents, or 2.6%, to $28.90.


© Reuters 2007


--
Macdonald Stainsby
http://independentmedia.ca/survivingcanada/
http://lists.econ.utah.edu/mailman/listinfo/rad-green
In the contradiction lies the hope.
--Brecht.