Cellphone makers in focus
The S&P/TSX composite index plunged 94.95 points to greet noon at 15,120.01
The Canadian dollar ditched
Federal Industry Minister
Shares in BCE Inc. dropped
The telecom sector was one of the leading decliners on the TSX, down in early trading.
The Bank of
It relies on a summary of interviews conducted with senior management at about 100 Canadian firms on topics such as demand and capacity, and how they view future economic activity.
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.
In all, 10 of the 14 Toronto subgroups were negative at noon, as energy dwindled 1.3%, telecoms fell 1.1%, and industrials tailed off 0.9%.
The four gainers were led by metals and mining, up 1.1%, information technology, strengthening 0.6%, and global base metals, spiking 0.3%.
The main stock indices are stepping back emphatically from last week's record levels, following a long weekend.
The Dow let go of 55.35 points to pause for lunch at 17.012.91
The S&P 500 eased back 8.23 points to 1,977.21, and the NASDAQ composite fell 29.09 points to 4,456.84.
Markets were shut down Friday for the
King Digital, the company behind the viral monster
Expedia's stock is slightly lower after it announced yesterday that it bought Australian travel website Wotif.com for
BlackBerry's shares are up almost 6% this morning. The Economic Times of
Archer Daniels Midland, a big food and commodities company, purchased Wild Flavors for about
Petsmart stock is slightly higher this morning. The company said vaguely in a filing that it was considering ways to give money back to shareholders, though no concrete plans have been developed.
This week marks the start of "earnings season," which is when America's biggest companies release updates on their revenues and income and give a peek into the shape of the U.S. economy in the second quarter.
Prices for 10-year U.S. Treasuries gained ground, felling yields to 2.61% from Thursday's 2.65%. Treasury prices and yields move in opposite directions.
Oil prices fell
Gold prices skidded
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