Business
Iffy opening for TSX
Iffy opening for TSX
About this update from Uranium One Mining Corp.
[{"type":"text","content":"\nIffy opening for TSX\n\nCommodities weigh on T.O.\n Nov. 13, 2009 (Baystreet.ca) -- Bay Street stocks saw a lackluster open on Friday morning as commodities remained close to the unchanged levels. The market fell about 0.7% yesterday amid weakness in the resource sectors.\n\nThe S&P/TSX Composite Index was off 14.05 points at the start of the session at 11,346.71. \n\nEnerplus Resources Fund reported net income for the third quarter slid to $38.18 million or $0.23 per share from $465.8 million or $2.82 per share in the corresponding period last year.\n\nStella-Jones reported third-quarter net earnings grew to $8.32 million or $0.65 per share from $6.85 million or $0.54 per share in the previous year.\n\nUranium One reported a third-quarter net loss of $11.9 million U.S. or $0.03 U.S. per share compared to a loss of $2.01 billion U.S. or $4.30 U.S. per share last year. \n\nTransAtlantic Petroleum said its third-quarter consolidated net loss was $13.1 million U.S. or $0.05 U.S. per share compared with a loss of $1.5 million U.S. or $0.02 U.S. per share in the third quarter of 2008.\n\nGroupe Aeroplan Inc. said its third-quarter GAAP net earnings decreased to $18.75 million or $0.09 per share from $34.95 million or $0.18 per share in the prior-year period.\n\nThe Canadian dollar tacked on 0.34 cents to 95.05 cents U.S. \n\nON BAYSTREET \n\nAll but three of the 14 TSX subgroups were lower in the first hour of trading, weighed down by information technology stocks, down 0.7%, while consumer discretionary and staples stocks fell 0.6% each. \n\nThe three gainers were global base metals, up 0.7%, gold, gaining 0.5% and telecom, 0.1%. \n\nThe TSX Venture Exchange inched forward 0.27 points to 1,351.02, while the Nasdaq Canada index declined 4.15 points to 671.16. \n\nON WALLSTREET\n\nIn New York, stocks rebounded on Friday as investors eyed opportunities after the previous session's sharp drop that snapped a six-day rally.\n\nThe Dow Jones Industrials moved 37.71 points ahead to 10,235.18. The S&P 500 index was up 3.14 points to 1,090.38, while the Nasdaq composite index went higher by 5.71 points to 2,154.73. \n\nStocks had slumped Thursday, as jitters about the economic recovery led investors to question the sustainability of the recent rally. \n\nA government report on the trade balance showed the nation's gap between imported and e...