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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
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POT
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DAL
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GSPTSE
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BBDb
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SJRb
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* 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.

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