Business
Toronto still in positive zone
Toronto still in positive zone
About this update from Thomson Reuters Corporation
[{"type":"text","content":"\nToronto still in positive zone\n\nMetals, health-care lead TSX\n\n Apr. 26, 2010 (Baystreet.ca) -- Canadian stocks are holding on to moderate gains in early afternoon trading Monday, with base metal and healthcare stocks leading the pack of gainers while technology shares lagged.\n\nThe S&P/TSX Composite Index tacked on 26.67 points by shortly after noon to 12,266.31. \n\nThe Diversified Metals and Mining Index added strength with Thompson Creek Metals rising 4.37% and Inmet Mining up 1.63%.\n\nEnergy stocks were mixed as oil prices fluctuated. \n\nCrew Energy gained 3.27% and Encana added 0.46%, while Nexen lost 1.42%.\n\nShares of BlackBerry maker Research In Motion eased 2.54%, dragging the IT sector down. \n\nThe Canadian dollar slid 0.12 cents to just below parity with the American dollar, at 99.95 cents. \n\nON BAYSTREET \n\nOf the 14 TSX subgroups, all but three were higher to begin the week. Global base metals led the charge, up 1%, followed by health-care issues, advancing 0.9% and metals and mining picked up 0.8%. \n\nThe three laggards were information technology, giving back 1.7%, consumer staples, down 0.5%, and utilities, off 0.1%. \n\nThe TSX Venture Exchange accumulated 1.24 points to 1672/16, while the Nasdaq Canada index was off 12.16 points to 777.91 \n\nON WALLSTREET\n\nIn New York, Caterpillar's strong earnings lifted the Dow Monday, but the broader market seesawed at the start of a busy week filled with corporate results, economic reports and the Federal Reserve meeting.\n\nThe Dow Jones industrial average gained 30 points by midday to 11,234.28. \n\nThe S&P 500 index faded one point, to 1,216.28. The Nasdaq composite index trailed Friday's close by 0.84 points, at 2,529.31. \n\nStocks gained Friday after a surprisingly strong new-home sales report, with the Dow, Nasdaq and S&P 500 all gaining on the week as well. The Dow has now gained eight weeks in a row, the longest win streak since January 2004.\n\nAlthough there are no economic reports due Monday, the pace picks up later in the week. The Fed's two-day policy meeting concludes Wednesday, with a statement due in the afternoon, while reports on jobless claims, consumer confidence and gross domestic product are also on tap. \n\nWhile the trend for the market remains up, there are still headwinds, including any fallout from Goldman Sachs' fraud charge, t...