TORONTO — The Toronto stock market was slightly higher at the open amid rising gold stocks and economic concerns.
The S&P/TSX composite index rose 27.33 points to 12,885.82 while the Canadian dollar inched up 0.02 of a cent to 97.45 cents US.
US stock futures again point to a higher open on Wall Street Thursday as the market looks to tack on additional gains into Christmas. Stocks had been week until Tuesday, when a higher opening triggered a short squeeze and dip buying, sending the S&P up 3%. The action yesterday was a bit disconcerting for the bulls as we probed some of yesterday's move, but a late day rally sent the Dow and S&P into positive territory, even though the Nasdaq fell 1% follow Oracle's (ORCL) earnings miss.