Business
Slight gain for TSX
Slight gain for TSX
About this update from Thomson Reuters Corporation
[{"type":"text","content":"\nSlight gain for TSX\n\nHealth-care strongest subgroup\n\n Apr. 26, 2010 (Baystreet.ca) -- Bay Street stocks opened higher Monday amid widespread buying, with base metals, energy and gold stocks turning in strong performances. \n\nThe S&P/TSX Composite Index tacked on 22.97 points by mid-morning to 12,262.61. \n\nEncouraging earnings reports from Whirlpool and Caterpillar may also help lift sentiment.\n\nHowever, uncertainty over the Greek fund disbursement may weigh on the sentiment. Last Friday, Greece said it will opt for bailout loans to from the euro zone and the IMF.\n\nIn corporate news, Research In Motion announced that it introduced the new Blackberry Pearl 3G Smartphone. It also said that it introduced the BlackBerry Bold 9650 smartphone, which is expected to be available from carriers in the U.S.beginning in May. The company also hosts its 2010 Capital market day today.\n\nBase metals stocks were under the buyers' radar, with Inmet Mining rising 1.43% and First Quantum Minerals gaining 1.28%.\n\nAmong energy plays, Crescent Point Energy added 1.24% and Encana Corp.was up 0.77%.\n\nIn the gold space, Barrick Gold moved up 0.62% and Goldcorp gathered 0.62%.\n\nMeanwhile, information technology stocks were marginally down, with Open Text slipping nearly 2%.\nIntegrated wood products company West Fraser Timber posted first-quarter earnings after discontinued operations of $0.45 per share, compared with a loss of $1.94 per share in the prior year period. Analysts expected the company to record $0.27 per share in the quarter. West Fraser Timber gained 2.03% on the news. \n\nHarris N.A., a part of BMO Financial Group, said that it has acquired certain assets and liabilities of Amcore Bank N.A. from the FDIC, effective Friday.\n\nInvestment dealer Canaccord Financial said it has completed its acquisition of Genuity Capital Markets, by issuing 26.5 million shares and $30 million of cash.\n\nMineral explorer International PBX Ventures said it completed its second tranche private placement of 2.41 million units for total proceeds of $483,500. \n\nProperty database service provider Zaio Corporation announces non-brokered private placement of 19,230,770 units at $0.13 per Unit for gross proceeds of approximately $2.5 million.\n\nIn economic news, rating agency Standard & Poor's affirmed Canada's ratings on Friday. The agency affi...