Resolute, BlackBerry in vogue
The S&P/TSX composite index gained 22.71 points to greet noon at 14,077.47. Markets in
The Canadian dollar regained
Funds from operations, another key financial measure for real estate companies, were
Elsewhere on the corporate front, Resolute Forest Products Inc., the company being targeted by Unifor in pattern bargaining with forestry companies in
The information technology sector strengthened, with BlackBerry up
The base metals sector advanced while March copper was up
The energy sector rose, even while Imperial Oil sank
The gold sector headed forward as Barrick Gold fell
On the economic front, Statistics Canada reported folks offshore reduced their holdings of Canadian securities by
All but five of the 14 Toronto subgroups were higher on the day, led by health-care, climbing 1.9%, global base metals, 0.9% more solid, and real-estate, better by 0.7%.
The five laggards were weighed mostly by consumer discretionary stocks, down 0.6%, consumer staples, sliding 0.4%, and industrials, off 0.2%.
Stocks were little changed Tuesday, as investors digested the latest corporate earnings and a notable drug company merger.
The Dow Jones Industrial Average subsided 23.99 points to close at 16,130.40.
The S&P 500 index nosed higher 2.13 points to 1,841.68. The NASDAQ tacked on 28.75 points to 4,272.78. American markets were closed Monday for
The holiday-shortened week is not off to a good start in that regard though. Coca-Cola dropped almost 4% after the beverage giant reported revenue below analyst estimates. The company's global footprint makes it a good barometer for consumer spending around the world, including emerging markets.
BlackBerry shares spiked over 6% after activist hedge fund manager
Despite a turnaround effort, BlackBerry shares are down over 33% in the last year. But they have rallied this year on hopes that new CEO
In other corporate news, Actavis agreed to buy Forest Laboratories for
The deal is yet another big win for activist investor
1-800-Flowers shares plunged after the delivery service spent the weekend apologizing to customers whose flowers and candy never showed up.
Shares of Netflix were up slightly Tuesday despite reports that the company's move to strike a deal with Time Warner Cable for a place on the cable company's set-top boxes has slowed. Investors are hoping the success of season two of Netflix's hit series "
Prices for 10-year U.S. Treasuries gained ground, lowering yields to 2.71% from Friday's 2.75%. Treasury prices and yields move in opposite directions
Oil prices picked up
Gold prices increased
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