The Globe and Mail reports in its Friday edition that Canada's main stock index rose to a two-week high on Thursday. A Reuters dispatch to The Globe says that heavily weighted financials and energy plays were among the sectors to make headway in a broad-based move as long-term borrowing costs eased and commodity prices climbed. The S&P/TSX Composite Index ended up 148.26 points at 21,942.16. U.S. stocks were nearly unchanged. "It's been a tough few weeks for the TSX, especially in comparison with the S&P," said Christine Tan at SLGI Asset Management. "In the last couple of days, we've seen the TSX come back a little bit." The Toronto market was still on course to post a monthly decline, with the index down 1.5 per cent since the beginning of June. The S&P 500 has advanced 3.9 per cent over the same period. "Our managers are really waiting to see what the earnings season looks like and more importantly what guidance sounds like before we really get a good sense where the TSX is headed," Ms. Tan said. All 10 major sectors on the Toronto market ended higher, including a gain of 1.3 per cent for energy as the price of oil settled 1 per cent higher. Gold also rallied, helping to lift metal mining stocks.
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