Business
TSX ends skid
TSX ends skid
About this update from Evertz Technologies Limited
[{"type":"text","content":"\nTSX ends skid\n\nGold and materials strongest of day\n Dec. 9, 2009 (Baystreet.ca) -- Canadian stocks made some headway on Wednesday, recovering most of an early drop. Weakness in the healthcare and technology sectors has offset a rebound session for gold stocks.\n\nAt the end of the session, the S&P/TSX Composite had struggled into the green by 10.29 points, to 11,379.22, ending a four-day losing streak. \n\nHealth-care stocks were down, as Biovail dropped 2.9% to $14.32, MDS lost 2.9% to $7.80 and Cardiome slipped 2.3% to $4.30. \n\nTelecom stocks are down, as Telus dropped 3.9% to $34.08 to lead the way. \n\nCameco Corp. gained 0.5% to $31.32 after the company said it will sell about 88.62 million common shares of Centerra Gold on a bought-deal basis at $10.25 per share. Centerra shares were off 3.6% to $10.79\n\nGold stocks were up, recovering some of a recent skid. Eldorado added 2.8% to $13.84, Agnico-Eagle Mines climbed 2.1% to $65.83 and Goldcorp was up 1.9% to $43.05. \n\nIn corporate news, First Quantum declined 1.7% to $74.88 after the company said it agreed to acquire the Ravensthorpe Nickel Operation in Western Australia from BHP Billiton for $340 million U.S. \n\nEnCana Corp. gained 1.4% to $29.66 after the company said its board has declared a quarterly dividend of $0.20 U.S. cents per share payable on December 31, 2009 to common shareholders of record as of December 21. \n\nNexen dropped 1% to $23.94 after the stock was initiated at "hold" by Collins Stewart.\n\nXenos Group soared 64.8% to $3.46 after the company reported that its revenues for the fourth quarter increased to $4.52 million from $3.80 million in the prior year quarter.\n\nEvertz Technologies dropped 3.9% to $13.44 after the company reported net earnings for the second quarter of $17.5 million or $0.23 per share, lower than $34.1 million or $0.46 per share in the same quarter a year-ago.\n\nLaurentian Bank of Canada gained 0.9% to $42.48 after the lender raised its quarterly dividend to $0.36 a share from $0.34. \n\nCanadian Natural Railway slipped 0.5% to $57.91 after being initiated at "hold" at Collins Stewart.\n\nHarry Winston Diamond lost 1.4% to $9.43 after the company reported posted third-quarter net loss of $200,000 U.S. or breakeven per share, compared to net earnings of $71.9 million U.S. or $1.17 U.S. per share in t...