TSX Enjoys Santa Claus Rally -- Canadian Commentary

(RTTNews) - Canadian stocks nudged higher Thursday, posting two gains for the second week in a row as crude oil prices continued to recover.

The S&P/TSX Composite Index was up 25 points to 13,309. The markets closed early for the Christmas break.

Energy stocks turned lower, however, trimming big gains from the previous session.

The Energy Index was down 0.7 percent, while mining stocks also fell as traders booked profits from earlier in the week.

The Gold Index was up 2 percent. February gold settled $7.60, or 0.7%, higher at $1,075.90/oz, staying away from a recent 6-year low near $1050.

In corporate news, Canadian Tire (CTC.TO, CTC_A.TO) recalled an additional 33 types of indoor and outdoor Christmas lights from the 'Holiday Collection', specifically those sold after August 1, 2015.