Business
TSX fairly flat
TSX fairly flat
About this update from Imperial Oil Limited
[{"type":"text","content":"\nTSX fairly flat\n\nHealth-care leads T.O. stocks\n Mar. 11, 2010 (Baystreet.ca) -- Toronto's main index was little changed in afternoon trading, as traders digested a slew of economic data from Canada, the U.S. and China. \n\nThe S&P/TSX composite index ended the session up 8.27 points to 11,969.33. \n\nTraders were cautious amid worries that China may resort to more tightening measures, including interest rate hikes, to slow down economic growth in the context of rising inflation.\n\nThe Gold Index gained ground with Barrick Gold Corp. up 0.9% to $40.04 and Yamana Gold Inc. up 1% to $10.30.\n\nFinancial stocks were a mixed lot. RBC rose 0.5% to $58.10 and Sun Life Financial Inc. added 0.8% to $31.80, while Scotiabank gave in 0.4% to $48.95 and Laurentian Bank was down 0.8% to $43.62.\n\nThe Telecommunications Index was down, as BCE Inc. lost 2.4% to $30.55, Telus Corp. eased 1.1% to $36.00 and Manitoba Telecom Services Inc. shed 2.8% to $32.09.\n\nIn the energy sector, Imperial Oil Ltd. rose 0.8% to $39.67. Encana Corp. was down 1.3% to $34.65.\n\nOil and gas explorer Crew Energy Inc., which announced plans to sell its assets in the Edson area of Alberta for $126 million, added 6.6% to $16.27.\n\nCrescent Point Energy Corp., which reported fourth-quarter net loss of $4.0 million compared to net income of $361.4 million last year, lost 0.8% to $38.74. \n\nOccuLogix, Inc., dba TearLab Corporation surged 21.5% to $3.50. The ophthalmic device company announced Wednesday that eye-care services company TLCVision Corporation would incorporate OccuLogix' TearLab Osmolarity System, used to diagnose dry eye disease, in eight of its refractive surgery centers in the U.S.\n\nIn economic news, Statistics Canada said the country's trade surplus was wider than expected in January at $799 million compared to $75 million in December. It also said merchandise exports in the country grew 0.5% in January.\n\nThe Canadian dollar was up 0.13 cents at 97.64 cents U.S. \n\nON BAYSTREET \n\nOf the 14 TSX subgroups, eight found their way into positive country. Health-care stocks were 1.5% more robust to lead the way, followed by gold, up 0.8%, and utilities gained 0.4%. \n\nThe half-dozen losing groups were weighed by telecoms, off 0.9%, industrials, sinking 0.4% and metals and mining, listing lower by 0.2%. \n\nThe TSX Venture Exchange picked up 2.85...