Canadian stocks shot up Tuesday following the long holiday weekend The S&P/TSX Composite Index ballooned 250.29 points, or 2.2%, to approach noon ET at 11,846.85 The Canadian dollar grew 0.47 cents to 98.79 cents U.S. Canadian markets were closed Monday in observance of Canada Day. Gold miners made headway with Centerra Gold. Corp. climbing 10.4% and NovaGold Resources Inc.adding 6%. Also making notable moves were Canacol Energy, up 6.6%, and Valeant Pharmaceuticals International rising 5%. Economically speaking, a report from the Royal Bank commented on manufacturing this morning. The RBC Canadian Manufacturing PMI for June managed to inch higher for the fifth consecutive month. However, the improvement was slight, rising to 54.8 from 54.7 in May. Any reading above 50 indicates improving conditions in the manufacturing sector with the wider the gap above this break even level, the greater the extent of the improvement. Courtesy TSX