Business
TSX makes steady progress
TSX makes steady progress
About this update from Barrick Mining Corporation
[{"type":"text","content":"\nTSX makes steady progress\n\nMetals, gold lead Toronto\n Apr. 9, 2010 (Baystreet.ca) -- Recovering commodities prices and easing worries over the Greece debt situation helped the Canadian stock market to hover in the green in mid-morning deals Friday. \n\nThe S&P/TSX Composite Index greeted noon up 88.77 points to 12,202.30. \n\nAlso, an industry data which revealed growth in U.S. retail sales helped lift sentiment. \n\nMeanwhile, today's data revealed that the Canadian economy added jobs for the ninth straight month in March, albeit at a slower pace.\n\nElsewhere, the Canadian dollar retreated from parity with its U.S. counterpart, amid jobs report. \n\nBase metals stocks were under the limelight right from the word go, with the index gaining 1.81%. Teck Resources was up 2.01% and Major Drilling rose 1.55%. \n\nCrew Energy and Cenovus Energy rose over 2% each. \n\nMeanwhile, Athabasca Oil Sands, which made its debut in the previous session, slipped for the second day, losing 4.32%. The company raised $1.35 billion in Canada's biggest initial public offering since 1999.\n\nOil and gas company Rock Energy eased 0.45%. The company announced the promotion of John Van de Pol to President and CFO. John joined Rock in April 2009 after a 15 year career with Northrock Resources where he held the position of Senior Vice President and CFO.\n\nThe price of gold edged up, continuing its week-long upsurge. \n\nAmong gold stocks, Eldorado Gold gained 2.83% and Barrick Gold added 0.71%.\n\nBlackberry maker Research In Motion edged up 0.52%. The company announced that it will buy Ottawa-based QNX Software Systems from Harman International. \n\nForceLogix Technologies rallied 28.57%. It said Callidus Software has bought a further over two million of its common shares at $0.075 per share, taking the total stake to 12.1%.\n\nShaw Communications edged up 0.51 despite reporting lower second quarter net income of $0.32 per share, compared to $0.36 in the year ago period. Analysts expected the company to post profit of $0.33 per share.\n\nTelecommunications stocks were under pressure, with Telus Corp shedding 0.81%. UBS trimmed its rating on the stock to a "Neutral" from "Buy" on valuations.\n\nConvenience stores operator Alimentation Couche-Tard was down 1.04%. The company's unsolicited offer to acquire Casey's General Stores In...