Bank rate announcement made
The S&P/TSX composite index rocketed 111.61 points to open at 15,192.23.
The Canadian dollar dipped
Bombardier reached the 500 mark for deals for its Q400 turboprop model and for its CSeries airliner with three contracts announced at the Farnborough Airshow. Bombardier gained
A Canadian regulator said on Tuesday it had delayed a decision on Kinder Morgan Energy Partner's
The Bank of
Elsewhere on the economic front, Statistics Canada reported this morning that manufacturing sales rose 1.6% to
All but one of the 14 Toronto subgroups were higher, with global base metals ahead 1.7%, metals and mining up 1.5%, and gold up 1.4%.
The lone laggard was information technology, down 0.2%.
Worries over a possible bubble in biotech and social media stocks quickly faded, sending U.S. stocks to record highs at Wednesday's opening bell.
The Dow Jones Industrials moved forward 52.18 points to yet another all-time high of 17,112.86
The S&P 500 recovered 6.91 points to 1,980.19, and the NASDAQ composite bolted higher 23.31 points to 4,439.70
Time Warner shares surged almost 16% after the owner of HBO and CNNMoney confirmed it received and rejected a takeover offer from Murdoch's 21st Century Fox.
So far, Time Warner has rebuffed the buyout, but the news drove up prices of other media stocks, including Discovery Communication, CBS Corp, Comcast and Walt Disney Co
In the tech world, shares of both IBM and Apple floated higher after they announced they would join forces to offer iPhones and iPads preloaded with special software developed by IBM. The alliance drove down shares of BlackBerry by almost 5%.
While investors decipher mixed messages from the Federal Reserve and the economy, earnings continue to largely impress.
Intel Corp rose nearly 6% after the chip maker posted earnings that beat expectations and announced plans to boost its share repurchase program by
Textron Inc gained altitude, rising 4% on the Cessna maker's higher profits and jumping revenue.
Unlike many of its rivals, Bank of America Corp fell 2% after reporting a big drop in second-quarter earnings. While its profits exceeded expectations, BofA disclosed a
Speaking of headaches, Yahoo slid 4% in the wake of reporting second quarter revenue and profits that missed forecasts. PNC dropped 4% after reporting a slight drop in profits and revenue.
After the closing bell, e-commerce giant eBay Inc is scheduled to hit the earnings stage.
The world's second biggest economy grew by 7.5% compared with the same period last year, despite continued worries about a slowdown in real estate. It was the first time the economy has accelerated in three quarters, putting
Investors focused on a number of positives, including stronger growth in
Prices for 10-year U.S. Treasuries lowered, raised yields to 2.56% from Tuesday's 2.55%. Treasury prices and yields move in opposite directions.
Oil prices gained
Gold prices added
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