Business
Merry Christmas for stocks
Merry Christmas for stocks
About this update from Christina Lake Cannabis Corp
[{"type":"text","content":"\nMerry Christmas for stocks\n\nReal-estate leads TSX\n Dec. 24, 2009 (Baystreet.ca) -- Canadian stocks were moderately higher for a fifth straight session Thursday amid light volume as traders prepare for the long holiday weekend.\n\nThe S&P/TSX Composite index added 95.91 points to end an abbreviated session at 11,754.61. The market closed at 1 p.m. ET and would remain closed until Tuesday.\n\nGold stocks were up as the metal moved above $1,100 per ounce. Goldcorp Inc. said it has matched Minera Penmont's offer to acquire Canplats Resources for $4.40 per share in a cash and stock deal. Goldcorp shares ended the day up 1.4% at $42.73, while Canplats issues were up 2.3% at $4.96. \n\nConsumer staples stocks were up. Maple Leaf Foods added 3.8% to $11.83 to lead the way. Consumer discretionary stocks were up ahead of Boxing Day, traditionally the biggest day of the year for Canadian retailers. \n\nHealth-care stocks were down, giving back some recent gains. The U.S. Senate voted Thursday to pass sweeping legislation to reform the health-care system in America. MDS dropped 1.1% to $7.87 and CML Healthcare Income Fund was flat at $13.84.\n\nNuinsco Resources rallied 7.1% at 7.5 cents after the company announced the closing of a further tranche of its non-brokered private placement, having sold an aggregate of 11.11 million Flow-Through Units were sold for gross proceeds of nearly $1 million to the MineralFields Group. \n\nPriszm Income Fund rallied 7.9% to 96 cents after the company announced that it has sold its food processing facility located in Toronto for gross proceeds of $11.5 million.\n\nThe Canadian dollar was off 0.14 cents at 95.24 cents U.S. \n\nON BAYSTREET \n\nAll but one of the 14 TSX subgroups were higher, led by real-estate, ahead 1.8%, financials and global base metal stocks, each 0.9% higher. \n\nThe lone laggard was the health-care group, down only 0.2%. \n\nThe TSX Venture Exchange gained 18.93 points to 1,469.58, while the Nasdaq Canada index subsided 5.01 points to 726.32. \n\nON WALLSTREET\n\nIn New York, stocks ended a holiday-shortened session higher Thursday, with indexes climbing to new highs for the year after upbeat reports on the labor market and durable goods orders fueled optimism about the economic recovery.\n\nThe Dow Jones Industrials was up 53.66 points to 10,520.10, while the broader S&P 500 wa...