Business
TSX rally pauses
TSX rally pauses
About this update from Inplay Oil Corp
[{"type":"text","content":"\nTSX rally pauses\n\nMetals, utilities lose ground in T.O.\n Jan. 7, 2010 (Baystreet.ca) -- Toronto stocks were marginally lower on Thursday and pause for a breather after advancing for the last five days. Easing commodity prices weighed on the market as well. \n\nShortly after noon, the S&P/TSX Composite Index had surrendered 70.34 points to 11,874.20\n\nIn corporate news, information technology provider MacDonald, Dettwiler and Associates said that it has received a contract valued in excess of $22.5 million from Thales Alenia Space to provide a number of advanced technology solutions. \n\nAndean Resources announced that it has appointed Scott Brunsdon as Chief Financial Officer, effective January 6.\n\nToromont Industries said Wednesday that it has varied and extended its offer to acquire all of the outstanding trust units of Enerflex Systems Income Fund and all of the exchangeable limited partnership units of Enerflex Holdings Limited Partnership. Toromont revised it offer price to $14.25.\n\nCoalcorp Mining Inc. said that it had entered into an agreement to sell the La Francia mine and all of the issued and outstanding shares of Adromi Capital Corp. to Goldman Sachs Group for over $150 million.\n\nGoldcorp. said it had agreed with New Gold to acquire 70% of the El Morro project from Xstrata Plc. \n\nVehicle component maker Magna International took part in $10.5-million equity financing by Toronto based Lithium America Corp, which would help it to gain regular supply of its raw material. \n\nPacific Rubiales Energy said it had entered into an agreement with Oleoducto Central SA to acquire preferential rights to use available capacity on its pipeline systems. \n\nCanadian airline operator Air Canada said system traffic rose 3.4% year over year in December 2009.\n\nThe Canadian dollar gave back 0.23 cents to 96.68 cents U.S. \n\nON BAYSTREET \n\nAll 14 TSX subgroups were lower by lunch time. Global base metals and utilities were in a dead-heat for worst off, losing 1.1% each, followed by energy, down 0.9%. \n\nThe TSX Venture Exchange advanced 2.06 points to 1,580.65, while the Nasdaq Canada index eased back 2.83 points to 729.02. \n\nON WALLSTREET\n\nIn New York, a rally in financial shares and some encouraging news for the retail sector helped stocks cut losses near midday Thursday. But weakness in tech and jitters about th...