Empire in focus
The S&P/TSX composite index gained 27.54 points to greet noon at 15,058.28
The Canadian dollar nicked up
In corporate news, energy producer EnCana has reached an agreement with
Encana has sold a number of its assets in recent months and is focusing on a half-dozen core growth areas in specific regions. EnCana shares withered
First Quantum Minerals has temporarily halted construction activity at its Cobre Panama project due to an illegal work stoppage by some members of its construction workforce. It said the dispute centres around the work roster. First Quantum shares gained
Consumer staple issues were among the major movers by noon time, as Empire Company, parent company of the Sobeys chain, climbed
On the economic slate, Statistics Canada reported this morning that its Raw Materials Price Index declined 0.4%, mostly as a result of lower prices for animals and animal products.
Its Industrial Product Price Index was down 0.5% in May, mainly because of lower prices for energy and petroleum products.
All but two of the 14 Toronto subgroups were higher, led by metals and mining, up 1.2%, while consumer staples gained 0.8% and consumer discretionaries advanced 0.5%.
The two naysayers were industrials, down 0.3%, and energy, slipped 0.2%.
U.S. stocks were flat on Friday, pointing to a week of modest losses as recent data painted a mixed picture of economic growth, though
The Dow Jones Industrials stopped for lunch down 31.75 points to 16,814.38.
The S&P 500 slid 0.57 points to 1,956.65, and the NASDAQ composite gained 7.62 points to 4,386.67.
For the week, the Dow is down 0.8% and the S&P is down 0.3%. The NASDAQ, which is up 0.4%, is on track for its sixth weekly rise out of the past seven.
With the second quarter nearing a close, the S&P 500 is up about 5.9% year-to-date.
Nike Inc. rose 1.6% to
However, those gains were offset on the Dow index as DuPont, a fellow component, cut its full-year operating profit outlook, sending shares down 4.3% to
In company news,
Keurig Green Mountain Inc rose 4.6% to
On the downside, Dollar General Corp was the S&P 500's biggest decliner, off 6.9% to
U.S. consumer sentiment rose more than expected, according to the Thomson Reuters/
Prices for 10-year U.S. Treasuries were lower, returning yields back up to Thursday's 2.52%. Treasury prices and yields move in opposite directions.
Oil prices shed
Gold prices took on
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