BCE, Air Canada in focus
The S&P/TSX composite index fell 15.63 points to open at 15,186.46.
The Canadian dollar gained
Canadian Natural Resources reported a higher-than-expected quarterly profit, helped by a jump in product sales and an increase in prices across the board. Natural Resources shares skidded
BCE posted a 6% increase in second-quarter profit, driven by higher advertising and subscriber fee revenue from its acquisition of TV and radio content producer Astral Media. BCE shares faded
Manulife Financial said its second-quarter profit more than tripled due to a stronger performance by investments and other market-related factors, and
Air Canada posted a quarterly profit compared with a year-earlier loss, helped by a
Canaccord Genuity raised the rating on Cineplex to buy from hold. Cineplex gained
On the economic front, Statistics Canada reported this morning that contractors took out building permits worth
Seven of the 14 Toronto subgroups were down to start the day, with gold trailing 0.7%, materials down 0.4%, and consumer staples 0.3% to the bad.
The half-dozen gainers were led by health-care, up 2.1%, consumer discretionaries, up 0.8%, and industrial stocks gaining 0.2%. Information technology stocks were flat in the first trading hour.
Stocks finally had a nice start in an otherwise dour week in the markets.
The Dow Jones Industrials began the day higher by 42.95 points to 16,486.29
The S&P 500 added 5.97 points to 1,926.21. The NASDAQ composite gained 20.16 points to 4,375.21.
Jack in the Box and Wendy's both reported their quarterly earnings, and the results are mixed. Jack in the Box, up 9.5%, surpassed expectations for revenue and earnings.
Wendy's, on the other hand, is about 2% higher after its results showed that sales were good but profits weren't quite what
Shareholders are happy that Twenty-First Century Fox has squashed any squishiness about its abandoned its pursuit Time Warner. Fox shares are 7% higher today, which is on top of the gains it registered when it first said it withdrew its
Things are calm in
Prices for 10-year U.S. Treasuries gained ground, lowering yields to 2.46% from Wednesday's 2.47%. Treasury prices and yields move in opposite directions.
Oil prices gained
Gold prices eased
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