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TSX ekes out gain
TSX ekes out gain
About this update from Genesis Ai Corp
[{"type":"text","content":"\nTSX ekes out gain\n\nGold surges to another high\n Nov. 25, 2009 (Baystreet.ca) -- Canadian stocks moved back into positive territory in early trading on Wednesday morning. \n\nIn the first half-hour of trading, the S&P/TSX Composite Index advanced 49.32 points to 11,588.95. \n\nGold has rallied to extend a record high. Copper has added 1.95 cents to $3.1755 U.S., and crude oil is also up. \n\nIn corporate news, Constellation Software Inc. announced that Trapeze ITS is reducing its workforce by around 110 employees, primarily at the company's main office in Neuhausen, Switzerland. \n\nSilver Wheaton Corp. appointed George Brack to its Board.\n\nLM Ericsson Telephone Wednesday said it will buy certain assets of GSM/GSM-R business of Canadian network solutions company Nortel Networks for a purchase price of $70 million U.S. \n\nThe Canadian dollar tacked on 0.98 cents to 95.43 cents U.S. \n\nON BAYSTREET \n\nAll but two of the 14 TSX subgroups were higher in the early going. Leaders metals and mining, gold and materials were ahead 0.9% each. \n\nThe two losing groups were health-care stocks, off 0.3% and information technology, down 0.04%. \n\nThe TSX Venture Exchange gained back 15.54 points to 1,427.95, while the Nasdaq Canada picked up 2.70 points to 658.37 \n\nON WALLSTREET\n\nIn New York, stocks opened slightly higher Wednesday as investors cheered a stronger-than-expected labor market reading ahead of the Thanksgiving holiday.\n\nThe Dow Jones Industrials began the last full day of a short week down four points at 10,429.71. The S&P 500 index slid 0.05 points to 1,105.60, while the Nasdaq regained 1.55 points to 2,170.73. \n\nWall Street ended Tuesday's volatile session with modest losses as investors digested mixed readings on the economy.\n\nThings appeared a bit brighter on the job front Wednesday as the number of people filing for first-time unemployment claims fell to 466,000 last week, the lowest level since September 2008. \n\nConsensus estimates were for initial jobless claims to be 500,000, according to Briefing.com.\n\nTroubling numbers emerged from the manufacturing sector however, as new orders for goods declined unexpectedly by 0.6% in October, after gaining 2% in September.\n\nAlso due out Wednesday is a reading on new home sales at 10 a.m. ET.\n\nThe flurry of economic news could make for a particularly chop...