TSX rises, gold stocks offset RIM decline

Toronto Stock Exchange logo is seen in TorontoTORONTO (Reuters) – Canada's main stock index edged higher on Tuesday, lifted by a rally in gold shares, which rose with gold's price, as investors speculated on U.S. Federal Reserve actions as it begins a meeting on interest rates. The gains were, however, kept in check by a 7.5 percent decline in Research In Motion Ltd shares, triggered by investor caution ahead of the BlackBerry 10 launch. The market pullback follows a recent rally in the stock in the run-up to the launch. "The stock has been overbought of late. It has pulled back with profit taking. …

Full Story Via Gadgets News Headlines – Yahoo! News

Comments are closed.