Tim Hortons joins S&P/TSX Index Roster

The Star:

Tim Hortons Inc. (TSX: THI) is being added to Canada’s benchmark stock-market indicator, the S&P/TSX composite index.

Shares in Canada’s favourite doughnut-shop operator closed up more than five per cent after Wednesday’s announcement from Standard & Poor’s Canadian index operations, gaining $1.45 to $28.98 near noon.

The stock, listed on the TSX in a frantic initial public offering last March, has ranged since then to a high of $37.99 and a low of $26.67.