PMI figures released
Canadian stocks opened the week lower
The S&P/TSX composite index dipped 59.05 points Friday to open Monday's session at 15,155.91
The Canadian dollar gained
A Federal Court judge on Friday invalidated the Conservative government's decision to limit health coverage for many people in the country making refugee claims, declaring the federal action to have been shocking and outrageous.
A Canadian National Railway train carrying crude oil derailed near
Sherritt International Corp is among the six companies doing due diligence on BHP Billiton's Australian nickel unit
On the economic front, Statistics Canada reported that municipalities issued building permits worth
The hike in May's permits resulted primarily from higher construction intentions for commercial buildings in
The PMI solicits whether business purchases last month were higher, the same, or lower than the previous month, and a figure above 50 shows an increase while below 50 shows a decrease.
All but one of the 14 Toronto subgroups were negative to begin the day, with metals and mining sliding 1%, while energy and telecoms fell 0.7% each.
The lone gainer was information technology, up 0.6%.
Monday is throwing a bit of water on the embers of last week's fireworks.
The Dow let go of 59.32 points to open the week at 17.008.94
The S&P 500 eased back 5.77 points to 1,979.67, and the NASDAQ composite fell 11.98 points to 4,473.95.
Today's soft start comes after a record-setting close to last week that saw Dow finish above 17,000 for the first time ever.
Here are some stocks to watch throughout today's trading:
King Digital, the company behind the viral monster
Shares on that disastrous first day dropped more than 15%. The stock is around 3% higher in early trading and, most importantly, finally opened above the IPO price of
Expedia's stock is slightly lower after it announced yesterday that it bought Australian travel website Wotif.com for
Expedia is trading at an all-time high of around
Archer Daniels Midland, a big food and commodities company, purchased Wild Flavors for about
Prices for 10-year U.S. Treasuries gained ground, felling yields to 2.63% from Thursday's 2.65%. Treasury prices and yields move in opposite directions.
Oil prices fell
Gold prices skidded
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