TSX Runs Win Streak To 5 -- Canadian Commentary

(RTTNews) - Canadian stocks eked out modest gains again Thursday, running a win streak to five sessions.

The S&P/TSX Composite Index was up 20.72 points, or 0.14 percent, to 14,514.52.

Toronto's main index zoomed higher early in the week, but has crept up only slightly during the past two sessions.

Trading was subdued today, with most of the major sectors little changed from the previous session.

Weaker gold stocks offset stronger energy and banking shares.

August WTI oil settled at $45.68/bbl on Nymex, up 93 cents, or 2.1 percent.

That's despite an International Energy Agency warning that "restrained by the ongoing downturn in the Chinese economy, demand stuttered severely in May."

Former CEO Michael Pearson has sold nearly $100 million of his stock in Valeant Pharmaceuticals (VRX.TO) in the past two weeks, according to securities filings.

Bombardier says has no plans to scrap its ?Global 8000 business jet, the company announced.