Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

CANADA STOCKS-TSX little changed as BlackBerry, Bombardier offset broader losses

Published 2017-09-28, 10:56 a/m
CANADA STOCKS-TSX little changed as BlackBerry, Bombardier offset broader losses
BB
-
CL
-
BHC
-
GSPTSE
-
BBDb
-
MRU
-
PJCa
-

* TSX up 0.17 points to 15,609.83

* BlackBerry surges 13.9 pct; Bombardier up 6.7 pct

* Metro down 2.8 pct, Jean Coutu down 1.3 pct

TORONTO, Sept 28 (Reuters) - Canada's main stock index held steady on Thursday as broader declines were offset by a strong rally in BlackBerry Ltd BB.TO and Bombardier Inc BBDb.TO stocks.

BlackBerry reported stronger-than-expected quarterly results on record sales for its closely watched software unit, sending its shares surging 13.9 percent to C$13.13. BlackBerry was the most influential driver on the positive side for the index and also helped lift the technology sector by 1.1 percent. Inc rebounded from sharp losses in the previous session after the company was dealt major setbacks in its aerospace and rail units. The shares advanced 6.7 percent to

C$2.24. The overall industrials group remain unchanged. Pharmaceuticals International VRX.TO fell 4.9 percent to C$17.08, pushing the healthcare group down 1.3 percent.

Metro Inc MRU.TO gave back some of Wednesday's rally following news it was in talks to buy pharmacy chain Jean Coutu PJCa.TO for $3.6 billion. Metro was down 2.8 percent at

C$42.40, while Jean Coutu was down 1.3 percent at C$24.23. 10:34 a.m. ET (1434 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE rose 0.17 point to 15,609.83.

Many of the index's 10 main groups were little changed.

The energy group seesawed throughout the morning and was last down 0.3 percent. Energy stocks lost steam as crude oil prices pared early gains, with U.S. crude CLc1 prices up 0.5 percent to $52.38 a barrel after climbing as much as 1.5 percent earlier. O/R

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Advancing issues outnumbered declines on the TSX by 145 to 100, for a 1.45-to-1 ratio on the upside.

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.