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Toronto stock market gets pre-Christmas lift in quiet day of trading

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Canada's main stock index showed some pre-Christmas spirit Tuesday, with a modest gain and a record close ahead of a two-day holiday.

Strength came from the gold stocks, as futures prices for bullion rose. The February gold contract gained $15.40 to US$1,504.10 an ounce and the March copper contract was up 1.7 cents at US$2.826 a pound.Among the biggest percentage gains Tuesday, was Conifex Timber Inc. on news that it will sell three sawmills in Florida and Arkansas for US$163 million cash. Conifex shares closed at 76 cents, up 44 cents or 138 per cent.

Aurora shares closed at $2.62, down three cents or about one per cent, after trading as low as $2.50 earlier in the session. "It's kind of a nothing day overall. Everyone's trying to bug out for the holidays," said Allan Small, senior investment adviser at HollisWealth.

 

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