Canadian stock market continues to rise

The Canadian stock market went up Tuesday, the third day of a rise when the market resumed trading after closing for a national holiday on Monday. The benchmark S&P/TSX Composite Index jumped 129.38 points, or 1.03 percent, to close at 12,742.43, while the S&P/TSX Venture Composite Index rose 4.73 points, or 0.51 percent, to 939.41. Six of the eight elements on the main index for the Toronto Stock Exchange were higher, with resources stocks including gold and energy shares leading the advancers. Gold sector increased more than 3 percent despite a decline in gold prices. Goldcorp Inc. shares jumped 2.9 percent to 27.35 Canadian dollars per share while its main rival Barrick Gold Corp. rose 4.25 percent to 19.88 Canadian dollars. Energy sector soared by 1.34 percent. Oil and gas producer Canadian Natural Resources Limited surged 4.18 percent to 31.66 Canadian dollars. Encana Corporation grew 3.7 percent to 20.16 Canadian dollars. Financial stocks also climbed more than 1 percent. Royal Bank of Canada rose 2.7 percent to 63.86 Canadian dollars per share and Bank of Nova Scotia went up 1.7 percent to 59.74 Canadian dollars. The industrial sector was down 0.11 percent, with shares in Canada's largest aircraft manufacturer Bombardier Inc. dropping 2. 8 percent to 4.56 Canadian dollars.