Health-care leads pack
The S&P/TSX composite index gained 26.48 points to greet noon at 14,081.24. 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 gained, with BlackBerry up
The base metals sector advanced while March copper was up
The energy sector rose even as Imperial Oil fell
The gold sector declined, as Barrick Gold faded
On the economic front, Statistics Canada reported folks offshore reduced their holdings of Canadian securities by
Eight of the 14 Toronto subgroups were higher, led by health-care, up 1.9%, information technology, up 0.8%, and real-estate, ahead 0.7%.
The half-dozen laggards were weighed mostly by consumer discretionary stocks, down 0.4%, materials, sinking 0.3%, and gold, 0.2% to the bad.
Stocks were little changed Tuesday, as investors digest the latest corporate earnings and a notable drug company merger.
The Dow Jones Industrial Average subsided 5.26 points to stop for lunch at 16,149.13.
The S&P 500 index moved higher 3.05 points to 1,841.68. The NASDAQ tacked on 28.76 points to 4,272.79. American markets were closed Monday for
Further gains are only expected if earnings impress
The holiday-shortened week is not off to a good start in that regard though. Coca-Cola dropped more than 3% 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 5% 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
Shares of Netflix were up 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 2.70% from Friday's 2.75%. Treasury prices and yields move in opposite directions
Oil prices picked up
Gold prices increased
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