Business
TSX inches higher
TSX inches higher
About this update from Imaging Dynamics Company, Ltd.
[{"type":"text","content":"\nTSX inches higher\n\nEnergy prices buoy Cdn. stocks\n Mar. 30, 2010 (Baystreet.ca) -- Canadian stocks will look to sustain recent gains Tuesday amid recovery in energy prices.\n\nThe S&P/TSX Composite Index was 23.84 points higher in the first half-hour of trading, to 12,053.56\n\nHowever, stock specific activity may drive the market, with a host of small cap companies announcing their financial results. \n\nPositive corporate news, such as Bombardier finalizing a $3.85 billion finance deal from China and Yellow Media acquiring Canadian Phone Directories for $225 million, may improve sentiment.\n\nHowever, anxiety over a slew of upcoming data from across the border over the week may keep the traders cautious. \n\nIn corporate news, Bombardier Inc. signed a $3.85-billion-U.S. financing deal with CDB Leasing, China Development Bank Corp.'s leasing arm.\n\nMedia and marketing company Yellow Media said it will acquire Canadian Phone Directories Holdings Inc. from an investor group led by private equity firm HM Capital Partners for $225 million.\n\nPaper manufacturer Catalyst Paper said on Monday that it would restart the second line of pulp production at its Crofton NBSK kraft mill in early May, taking advantage of a stronger market.\n\nPetroleum and natural gas explorer Tango Energy reported fourth quarter net loss of C$0.01 per share, compared to a net loss of $0.01 per share in the previous year quarter.\n\nOil and gas industry services provider Enterprise Oilfield Group reported $2.2 million net loss for the fourth quarter, compared to $13.6 million net loss in the same quarter a year-ago.\n\nMineral explorer First Nickel reported narrower fourth-quarter net loss of $0.01 per share, compared to a net loss of $0.14 per share in the last year quarter. \n\nPrecious metals explorer Talon Metals reported narrower fourth-quarter net loss of $0.02 per share, compared to a net loss of $0.11 per share in the prior year quarter.\n\nFood products dealer CoolBrands International reported a second quarter net loss of $0.02 per share, compared to net income of $0.01 per share in same period last year.\n\nFood products retailer Dominion Citrus Income Fund reported a fourth quarter net loss of $0.02 per share, compared to net income of $0.01 per share in the same period last year.\n\nClean energy products maker Xebec Adsorption slipped to los...