Business
TSX ends in green
TSX ends in green
About this update from Kinross Gold Corporation
[{"type":"text","content":"\nTSX ends in green\n\nISM, housing figures move markets\n Apr. 5, 2010 (Baystreet.ca) -- The Toronto stock market registered a modest advance Monday after commodity prices got a lift from reports showing solid U.S. employment growth and continued expansion of the service sector.\n\nThe S&P/TSX Composite Index picked up 35.29 points on the day to close at 12,186.35\n\nThe TSX energy sector rose Suncor Energy gained 90 cents to $35.22 while Canadian Natural Resources improved $1.66 to $79.89.\n\nMay copper added five cents to $3.63 U.S. a pound. Among base metals stocks, Teck Resources advanced 80 cents to $46.20 and Labrador Iron Mines Holdings gained 39 cents to $7.52.\n\nGold issues were led by Kinross Gold Corp. was ahead 15 cents to $17.89.\n\nOutside the commodity sectors, TSX performance was held back by the financial component, as TD Bank shed $1.19 to $73.91 while CIBC was down $1.22 to $73.45.\n\nTech sector heavyweight Research In Motion Ltd. was also a drag, down $1.19 to $67.86. The stock has lost ground after handing in a disappointing earnings report last Wednesday.\n\nIn corporate news, Magna Seating, an operating group of Canadian auto parts giant Magna International Inc. and U.S.-based supply manager Hollingsworth Logistics, have formed a joint venture to supply German carmaker Volkswagen with seat systems for its new car line. \n\nFinancial terms of the partnership were not revealed Monday and Magna shares eased 18 cents to $63.19.\n\nAgnico-Eagle Mines Ltd. plans to build a larger-than-previously-planned operation at the Meliadine gold project in Nunavut, which the expanding global gold miner hopes to acquire in a $648-million friendly purchase of the development's current owner. Agnico shares rose 29 cents to $58.37.\n\nFronteer Development Group Inc. said a $2.7-million drill program is planned for this year at Halilaga, a copper and gold deposit in northwestern Turkey. The project is a joint venture between Fronteer and a subsidiary of Teck Resources which owns 60% and is the project operator. \nFronteer shares climbed 36 cents to $5.85.\n\nBear Lake Gold Ltd. shares surged seven cents or 41.2% to 24 cents after it announced Monday it has reached an agreement in principle to settle a class action started in Ontario against the company, its directors and a number of current and former officers.\n\nThe Canadi...