Lassonde in focus
WEEKLY MARKET WRAP UP
Industrials and financials led the way to a modest advance Friday afternoon on the Toronto
stock market at the end of a positive week.
The S&P/TSX composite index remained positive 7.85 points to end a short week at 15,214.96
The Canadian dollar was down 0.19 to 93.84 cents
The industrials sector advanced as Bombardier gained three cents
Financials also provided lift, with Royal Bank
taking on 12 cents
, and TD moved higher by 15 cents
Commodity prices were mixed in electronic trading on the New York Mercantile Exchange
with August bullion 70 cents
higher to $1,321.30
U.S. an ounce. The gold sector gained, though Barrick Gold docked a penny to $19.32
The base metals sector declined, while September copper was off a penny at $3.27
U.S. a pound. Teck Resources gained 18 cents
The energy sector declined as August crude moved 29 cents
lower to $103.77
U.S. a barrel. Imperial Oil slid 30 cents
On the corporate front, Lassonde Industries Inc.
is acquiring U.S. branded juice company Apple & Eve for $150 million
U.S. in a bid to strengthen its presence in the United States
. Lassonde shares ran ahead $9.14
or 8.3% to $119.00
Shaw Media is making plans to launch a national TV news channel called Global News
1. In filings to the CRTC, the media division of Shaw Communications, which operates Global Television, says it wants to launch a "hybrid local/national" English-language news channel. Shaw shares were six cents
lower to $27.72
Several cars in a Canadian National Railway freight train have derailed northwest of Edmonton
. Two of the five cars were carrying crude oil. There were no injuries and no fire when the cars left the tracks early Friday morning. CN shares gained 44 cents
Driven by brisk activity in the oil, gas and infrastructure sectors, the total value of M&A deals in Canada
jumped by 37% to $89.5 billion
in the first half of 2014, according to data released by Thomson Reuters on Thursday.
ON BAYSTREET The TSX Venture Exchange
dropped 0.03 points to 1,037.76.
In all, nine of the 14 Toronto subgroups ended the day above ground, with industrials up 0.6%, information technology ahead 0.5% and consumer staples better by 0.4%.
The five laggards were weighed by metals and mining and health-care, each down 0.4%, and energy, off 0.3%.
U.S. markets are off today for the Independence Day