Business
Markets stay green
Markets stay green
About this update from Thomson Reuters Corporation
[{"type":"text","content":"\nMarkets stay green\n\nTSX off day-long highs\n\n Apr. 20, 2010 (Baystreet.ca) -- The Toronto stock market gained limited ground amid stronger prices for some commodities, and the strong performance of the dollar. \n\nThe S&P/TSX Composite Index ended the day ahead 10.56 points to 12,113.53, well off its highs for the day. \n\nThe Toronto energy sector was the biggest gainer in mid-afternoon trading, Encana Corp. stock gained 34 cents $31.77.\n\nThe base metals sector also gained, as the May copper contract on the Nymex gained 1.65 cents to $3.51 per pound U.S. Shares in Teck Resources Ltd. which was to report earnings later Tuesday, slid 71 cents to $41.71.\n\nThe gold sector fell as Barrick Gold Corp. lost 73 cents to $39.03.\n\nFinancial stocks also posted a small loss, falling 0.16 per cent. Shares in TD slipped 69 cents to $76.28 after TD Ameritrade Holding Corp., a U.S.-based discount brokerage that's 40% owned by TD Bank, cut its earnings outlook for the year because of low interest rates and less active trading.\n\nIn Canadian corporate news, Provident Energy Trust and Midnight Oil Exploration Ltd. said they plan to merge their producing assets into a new growth-oriented oil and gas company, while Provident's infrastructure assets will continue to operate separately.\n\nShares in Midnight Oil added eight cents or 7.6% to $1.13 while Provident added nine cents to $7.98.\n\nMegascreen theatre company Imax Corp. plans to install five of its giant 3-D equipped screens in Japan over the next two years. Imax stock gained 97 cents or 5.5% to $18.69.\n\nShares in Northern Energy and Mining Inc. jumped 10 cents or more than 14.7% to 78 cents after the part-owner of a British Columbia coal project said the properties will be sold.\n\nAnd one of Canada's largest grain handlers, Viterra Inc. is investing up to $25 million U.S. in a joint venture to build a canola crushing facility in China. Viterra stock gained 25 cents or 2.9% to $8.97.\n\nThe loonie was on track to post its biggest single-day gain in months on Tuesday following a bullish economic forecast from Canada's central bank.\n\nThe Canadian dollar climbed back beyond parity with its American cousin, adding 1.52 cents to $1.0009 U.S. \n\nToday, the Bank of Canada announced that it is maintaining its target for the overnight rate at a record low of 0.25%. The bank rate was ...