September 2013 - Tectonic Energy Consulting Inc

China data, Potash Corp push TSX higher

TORONTO (Reuters) – Canada’s main stock index advanced on Monday after positive Chinese data lifted shares of commodity producers on optimism that China’s economy may be set for stronger growth. Among the top gainers, fertilizer producer Potash Corp (POT.TO: Quote) added 5.5 percent on market speculation that a resolution might be in sight for a dispute with Russia that split the Belarus potash consortium, a development that could herald higher potash prices. “The rebound (in Potash Corp) may be a reflection of people thinking that the Russians may not engage in a price war,” said Gavin Graham, chief strategy officer at Integris Pension Management Corp. BlackBerry (BB.TO: Quote) climbed 4.6 percent after a…

News Archive - September 2013