Business
Bulls hope to keep control in T.O.
Bulls hope to keep control in T.O.
About this update from Bombardier Inc. Class A
[{"type":"text","content":"\nBulls hope to keep control in T.O.\n\nGM has post-bankruptcy news\n Nov. 16, 2009 (Baystreet.ca) -- Canadian stocks looked to extend their gains from the previous session Monday morning in Toronto, and early signals were somewhat positive following a key reading on the manufacturing sector.\n\nThe S&P/TSX Composite Index was up 98.04 points in the first half-hour of trading to 11,505.72. \n\nGlobal stocks have run up in the last few weeks, and it is looking like only the emergence of dismal economic data can stop the current bull run.\n\nPrime Minister Stephen Harper was making headlines on his trip to South Asia, urging closer trading ties between Canada and India.\n\nThe prices for oil and gold both shot up, gold making its way to yet another new record.\n\nBombardier Aerospace, a division of Bombardier Inc., announced that it will offer its commercial aircraft customers in the Middle East ready access to parts through its existing parts depot at Dubai International Airport.\n\nUranium One Inc. announced it has received approval from Kazakh Ministry of Energy and Mineral Resources or MEMR to buy 50% joint venture interest in the Karatau Uranium Mine.\n\nOPTI Canada Inc. said it plans to offer by way of private placement $425 million U.S. of First Lien Senior Secured Notes. The company stated that the purpose of the private offering is to establish sufficient liquidity and flexibility for the company to proceed with its prior announced review of strategic alternatives process.\n\nEconomically speaking, manufacturing sales rose 1.4% in September to $41.7 billion, largely reflecting increases in the motor vehicle industry, according to figures released this morning by Statistics Canada. \n\nManufacturing sales have increased in three of the past four months, after dropping to a recent low of $38.5 billion in May. Despite the recent gains, sales remained 18.6% below September 2008 levels.\n\nThe Canadian dollar tacked on half a cent to 95.69 cents U.S. \n\nON BAYSTREET \n\nAll 14 TSX subgroups sprinted out of the gate, led by metals and mining, ahead 2.6%, global base metals, up 2.4% and materials, jumping 1.7%. \n\nThe TSX Venture Exchange moved forward 14.32 points to 1,374.22, while the Nasdaq Canada index picked up 1.43 points to 678.29. \n\nON WALLSTREET\n\nIn New York, stocks opened higher Monday as investors responded to ...