Bombardier, WestJet in focus
Canadian stocks started the week little changed, as fresh rounds of European sanctions on
The S&P/TSX composite index doffed 23.09 points, to open Monday at 15,431.95
The Canadian dollar recovered
The second-quarter earnings season picks up momentum this week with data coming in primarily from the gold mining and energy sectors. Those two are the best performing sectors on the TSX year to date with energy up 19% while the gold sector is up 28%, but that's after being cut in half last year.
Outside those sectors, traders will consider reports from transportation giant Bombardier on Thursday.
The stock is close to its 52-week low of
Other key reports include WestJet airlines on Tuesday and
The data calendar for
Eight of the 14 Toronto subgroups were up in the first hour, most notably the metals and mining and utilities group, each up 0.4%, while global base metals inched forward 0.2%.
The half-dozen laggards were weighed most by energy and health-care issues, each down 0.5%, while consumer staples faded 0.4%.
Markets started the week with a whimper, continuing last week's uninspired performance.
The Dow Jones Industrials drooped 58.92 points to begin Monday at 16,901.65.
The S&P 500 slipped 7.41 points to 1,970.93. The NASDAQ composite fell 19.21 points to 4,430.35
Zillow merges the two biggest names in online housing, and some media reported last week that some real estate agents were nervous that the sites' combined depth of local housing data could make in-person brokers irrelevant. Shares of Trulia surged 15% in pre-market trading. Zillow was halted around the announcement.
Family Dollar shares surged more than 25% on news that it's being bought by another discount retailer, Dollar Tree, for
Tyson Foods reported earnings before the bell. The stock was up nearly 4% on plans to sell its Mexican and Brazilian poultry units for
McDonald's continues to be embroiled in a rotten meat scandal in
Keep an eye on another American fast food chain,
Prices for 10-year U.S. Treasuries lost ground, raising yields to 2.48% from Friday's 2.47%. Treasury prices and yields move in opposite directions.
Oil prices decreased
Gold prices took on
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