Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

CANADA STOCKS-TSX flat as fertilizer stocks weigh, Bombardier jumps

Published 2016-04-14, 10:53 a/m
© Reuters.  CANADA STOCKS-TSX flat as fertilizer stocks weigh, Bombardier jumps
AGU
-
POT
-
DAL
-
GSPTSE
-
BBDb
-
SJRb
-

* TSX up 3.62 points, or 0.04 percent, at 13,674.97
* Six of the TSX's 10 main groups were higher

TORONTO, April 14 (Reuters) - Canada's main stock index was
flat in morning trade on Thursday as materials stocks weighed
and Bombardier Inc BBDb.TO jumped on speculation of a pending
order for its aircraft.
The most influential weights on the index included
fertilizer producers Agrium Inc AGU.TO , which fell 4.5 percent
to C$107.85, and Potash Corp POT.TO , down 2.5 percent to
C$20.85 after several analysts downgraded their views on the
stocks.
The materials group, which includes precious and base metals
miners and fertilizer companies, lost 1.0 percent as gold prices
retreated.
Bombardier touched its highest point level since Nov. 6,
jumping as high as almost 10 percent to C$1.57, on speculation
of a potential Delta Air Lines Inc (NYSE:DAL) DAL.N order for its CSeries
planes. Delta's CEO said it has not made a decision.
At 10:43 a.m. EDT (1443 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE was up 3.62 points, or 0.04
percent, at 13,674.97.
Six of the index's 10 main groups were in positive
territory, although decliners slightly outnumbered gainers.
Shaw Communications Inc SJRb.TO declined 2.7 percent to
C$23.65 after reporting quarterly earnings.
The energy group of stocks retreated 0.3 percent while
financials gained 0.2 percent and industrials rose 0.2 percent.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.