manufacturing sales up 0.6% in June
WEEKLY MARKET WRAP UP
The S&P/TSX composite index rose 13.06 points to close Friday at 15,304.24.
The Canadian dollar added
U.S. securities regulators are looking at the hostile takeover bid made by billionaire investor
The Peruvian government said on Thursday it hopes to ease local opposition to Canadian miner
Tim Hortons, which has offered only one coffee blend in its 50-year history, hopes to lure new coffee drinkers and fend off rivals such as Starbucks Corp and McDonald's Corp with the launch throughout
On the economic beat, Statistics Canada revised last week's employment report, saying that employment rose by 42,000 in July, the result of a 60,000-unit increase in part-time work. The unemployment rate declined 0.1 percentage points to 7.0%.
What's more, manufacturing sales rose 0.6% in June to
All but 7 of the 14 Toronto subgroups were lower, with tech dipping 1.05%, gold down 0.93%, and consumer discretionaries off 0.37%.
On the upside, tech was ahead 1.17%, energy stocks rose 1.01 and mining inched up 0.63%.
Stocks ended mixed Friday, on news of a clash between Ukrainian and Russian military units on
U.S. stocks opened higher on Friday, putting the main benchmarks on track to record a second straight week of gains.
The S&P 500 was down 0.01% to 1,955.08, closing the week more than 1% higher. The index is now down about just 1.8% from its
Monster Beverage shares leapt on Coca-Cola's move to acquire a 17% ownership stake in the energy drink company, as part of a long-term partnership deal. Coke will make a
Achillion Pharmaceuticals rallied in heavy volume following positive results from a clinical trial related to sovaprevir, the company's experimental hepatitis C treatment.
SeaWorld Entertainment shares rallied 3.3% after the company confirmed that it will upgrade its killer whale tanks, succumbing to public pressure from animal activists.
Applied Materials gained, after the chip-making equipment provider's quarterly sales and earnings report topped
In economic news, U.S. producer prices inched up in July, a second consecutive month of gains, led by services such as transportation and warehousing, the government reported Friday.
That is one of several recent inflation gauges that show price growth isn't running too hot for the Fed.
Separately, thanks to a sizable jump in auto production, industrial production rose in July, marking the sixth month of gains, the Federal Reserve said Friday.
The 10-year Treasury note yield fell more than 5 basis points to less than 2.35% as investors sought safety by buying Treasury's. Yields fall as Treasury prices decline.
Oil prices fell to
Gold prices plummeted