Business
Toronto stages comeback
Toronto stages comeback
About this update from Christina Lake Cannabis Corp
[{"type":"text","content":"\nToronto stages comeback\n\nFinancials lead charge on TSX\n\n Apr. 19, 2010 (Baystreet.ca) -- Toronto's main index recovered from a triple-digit loss in the morning, amid concerns over fraud charges against Goldman Sachs overshadowing Citigroup's stronger-than-expected quarterly results. \n\nThe S&P/TSX Composite Index ended the day ahead 32.31 points to 12,102.97\n\nCIBC regained 1% to $76.01, BMO grew 0.4% to $64.15 and TMX Group dropped moved 0.4% to $28.97\n\nCitigroup earned $0.15 per share in the first-quarter, beating analysts' expectations of a break-even quarter. \n\nTraders fretted over the uncertain future of Goldman Sachs, as Germany and the U.K. called for probe of the investment bank after the U.S. Securities and Exchange Commission slapped fraud charges against Wall Street giant on Friday for misstating and omitting key facts about a financial product tied to subprime mortgages.\n\nAmong energy stocks, Suncor Energy recovered 0.8% to $33.93, but Petrobakken Energy fell 1.5% to $26.34.\n\nOil and gas producer BlackPearl Resources, which announced plans to raise $26.1 million from the sale of nine million of its shares, slid 1% to $2.99, after being down as much as 6% during the day. \n\nThe Diversified Metals and Mining Index shed strength, as Teck Resources fell 0.7% to $42.38 and Quadra Mining gave in 1.6% to $16.19.\n\nInmet Mining lost 0.5% to $57.69. The Toronto-based miner announced that employees ended a strike at its Ok Tedi mine in Papua New Guinea. The strike is estimated to have cut the mine's copper production for 2010 by approximately 5,000 tonnes and gold production by 18,000 ounces.\n\nAmong gold stocks, Goldcorp trimmed 0.2% to $39.35, Barrick Gold crept into the green by four cents to $39.69, while Yamana Gold dropped 0.9% to $10.13. \n\nMeanwhile, the health-care sector gained ground, with MDS advancing 0.8% to $9.12 and CML Healthcare Income Fund gaining 2.1% to $11.88.\n\nRogers Communications added 1.2% to $34.97. The diversified communications and media company today unveiled a new series of high definition personal video recorders with hard drive capacity of up to 500 GB.\n\nIn economic news, Statistics Canada said foreign investments in Canadian securities were up by $6.7 billion in February. Meanwhile, Canadian acquired $3.9 billion of foreign debt and equities in February.\n\nThe Canadian...