Business
Markets surpass breakeven
Markets surpass breakeven
About this update from Suncor Energy Inc.
[{"type":"text","content":"\nMarkets surpass breakeven\n\nGold suffers, energy gains\n Mar. 30, 2010 (Baystreet.ca) -- Bay Street stocks were hovering in the green in mid-morning deals Tuesday amid mixed performances among the sectors. \n\nThe S&P/TSX Composite Index was 3.63 points higher by noon, to 12,033.35\n\nWhile energy and financial stocks ticked higher, base metals and gold stocks were under pressure. \n\nTraders were digesting the just released report from the U.S. Conference Board, which said its consumer confidence index jumped more-than-expected.\n\nThe Energy Index was up, with Cenovus Energy and Niko Resources gaining nearly 3% each. \n\nSuncor Energy rose 1.06%. \n\nMeanwhile, oil and gas industry services provider Enterprise Oilfield Group slipped 1.96%. The company 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\nAmong financial stocks, Scotia Bank gained 0.65% and RBC added 0.49%. \n\nPaper manufacturer Catalyst Paper surged 13.04% after it said 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\nFood products dealer CoolBrands International added 4.20% even after reporting 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\nBombardier Inc. edged up 0.83% after it signed a $3.85-billion-U.S. financing deal with CDB Leasing, China Development Bank Corp.'s leasing arm. \n\nMineral explorer First Nickel rose 3.70% after reporting a 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\nIn the base metals sector, Inmet Mining shed 1.49% and Ivanhoe Mines lost 1.32%. \n\nAmong gold stocks, Goldcorp shed 1.23% and Eldorado Gold gave in 1.69%. \n\nBlackberry maker Research In Motion slipped 2.73% ahead of its fourth-quarter financial results due out tomorrow. \n\nMedia and marketing company Yellow Media eased 0.48%. The company 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\nIn economic news, Statistics Canada said the Industrial Product Price Index was unchanged in February, after advancing for the past three months. Meanwhile, the Raw Materi...