Business
Slight drop for TSX
Slight drop for TSX
About this update from Airiq Inc.
[{"type":"text","content":"\nSlight drop for TSX\n\nDell still in focus\n Nov. 20, 2009 (Baystreet.ca) -- Toronto stocks remained slightly lower Friday. Mining and energy stocks leading the modest declines.\n\nThe S&P/TSX Composite Index tailed off 20.97 points to 11,579.33\n\nMining stocks were down, as Inmet lost 2.4% to $67.12 and HudBay dropped 2.7% at $15.26. \n\nEnergy stocks were also down, with Canadian Oil Sands jettisoning 2.1% to $29.57. \n\nIn corporate news, Agrium added 0.9% to $61.33, after shareholders of Terra Industries voted three nominees of CF Industries Holdings into the company's board, giving the latter a better-hand in the takeover battle involving Agrium.\n\nSoftchoice Corp. lost 5.6% to $7.70, after the company said it has entered into a bought deal agreement to sell 2.25 million common shares at $7.75 per share for gross proceeds of about $17 million. \n\nSun Life Financial President Jon Boscia told Bloomberg the company needs to make an acquisition in the U.S. The stock was up 0.9% to $29.16. \n\nAirIQ Inc. posted third quarter net loss of $397,000 or near breakeven per share, compared to a net loss of $1.2 million or $0.01 per share in the previous-year quarter. Its stock was unchanged at a penny. \n\nThe Canadian dollar lost 0.60 cents to 93.46 cents U.S. \n\nON BAYSTREET \n\nOf the 14 TSX subgroups, nine finished the day down. Energy stocks dipped 0.7%, while gold and telecom stocks lost 0.5% each. \n\nThe five gainers were led by health-care, advancing 0.9%, information technology, up 0.7%, and utilities, ahead 0.5%. \n\nThe TSX Venture Exchange gained 7.12 to 1,408.06, while the Nasdaq Canada picked up 4.76 to 654.45. \n\nON WALLSTREET\n\nIn New York, stocks closed lower for the third day in a row Friday as investors remained jittery about the economy and the outlook for the technology sector.\n\nThe Dow Jones Industrials lost 14.28 points on the day to 10,318.16. The S&P 500 index slid 3.52 to 1,091. 38, while the Nasdaq tailed off 10.78 points to 2,146.07. \n\nStocks opened on a low note and slid for most of the session before recovering some ground in the last half hour of trading. The Dow briefly turned positive shortly before the closing bell. \n\nThe market has struggled to regain upward momentum in the last three sessions after closing at a 13-month high earlier this week. Worries about the economic recovery, the s...