Lawmakers Negotiate Debt-Limit Deal By Eric Lam – 2013-10-15T14:16:27Z Canadian stocks fell, after posting the biggest weekly gain in a month, as industrial and consumer shares retreated amid political brinkmanship in the U.S. over extending the governments ability to borrow. Canadian National Railway Co. dropped 0.8 percent after the Teamsters Canada union threatened to strike over contract talks. North West Co. and Metro Inc. each slid 1.6 percent as producers of consumer staples lost the most as a group. Toronto-Dominion Bank slipped 0.7 percent to pace declines among Canadas largest lenders. The Standard & Poors/TSX Composite Index (SPTSX) fell 14.76 points, or 0.1 percent, to 12,877.35 at 10:14 a.m. in Toronto. Canadian markets were closed yesterday for the Thanksgiving holiday.
CANADA STOCKS-TSX falls as U.S. talks make investors nervous
Visit randstad.ca @yahoofinance on Twitter, become a fan on Facebook Related Content Chart Your most recently viewed tickers will automatically show up here if you type a ticker in the “Enter symbol/company” at the bottom of this module. You need to enable your browser cookies to view your most recent quotes. Search for share prices AFP Washington’s risky game of political brinkmanship neared crisis point Tuesday, with no deal yet nailed down to Terms Quotes are real-time for NASDAQ, NYSE, and NYSEAmex when available. See also delay times for other exchanges . Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page . Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. All information provided “as is” for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein. Fundamental company data provided by Capital IQ .
CANADA STOCKS-TSX may open higher; U.S. debt deal talks boost sentiment
talks make investors nervous Tue Oct 15, 2013 11:06am EDT * TSX down 17.51 points, or 0.13 percent, at 12,875.67 * U.S. debt negotiations key to investor sentiment * Lower commodity prices weigh on resource-rich Canada index By Alastair Sharp TORONTO, Oct 15 (Reuters) – Canada’s main stock index slipped slightly in early trade on Tuesday, as nervous investors looked to Washington for progress on fiscal negotiations to avert a damaging U.S. debt default. Hopes of a deal rose after U.S. Senate Majority Leader Harry Reid, a Democrat, and his Republican counterpart, Mitch McConnell, ended a day of talks on Monday, with Reid saying they had made “tremendous progress”. “I suspect something will happen on the positive side (in U.S. fiscal negotiations) but in the meantime the market is very nervous,” said Irwin Michael, portfolio manager at ABC Funds. Commodities were broadly lower, pushing the resource-heavy Toronto Stock Exchange’s S&P/TSX composite index down 17.51 points, or 0.13 percent, at 12,875.67. It had opened in the black then fallen sharply in the first hour of trade before recovering somewhat. “It’s very thin, very volatile, and all eyes are on Washington,” Michael said. Gold miners were weaker, as optimism that U.S. lawmakers could avert a default dragged prices of safe-haven bullion to three-month lows. Goldcorp Inc fell 1.2 percent to C$24.14, while Barrick Gold Corp gained 0.5 percent to C$17.90. Pipeline operator Enbridge Inc declined 1.6 percent to C$42.28, while Talisman Energy Inc fell 2.2 percent to C$12.43. BlackBerry Ltd gained 0.7 percent to C$8.41.
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debt deal talks boost sentiment Technology Tue Oct 15, 2013 8:14am EDT Oct 15 (Reuters) – – Canada’s main stock index pointed to a higher open on Tuesday after an extended weekend as progress on a deal that could avert an economically damaging U.S. debt default boosted investor sentiment. TOP STORIES * A month of combat in the U.S. Congress over government spending showed signs of giving way to a Senate deal to reopen shuttered federal agencies and prevent a default on federal debt. * German analyst and investor sentiment rose more than expected in October on signs that the recession in the euro zone was bottoming out, a survey showed, underscoring a brightening outlook for Europe’s largest economy. * Coca-Cola Co reported higher quarterly earnings and lower revenue, helped by strong global sales of its Coca-Cola brand products but challenged by volatility in some parts of Europe. MARKET SNAPSHOT * Canada stock futures traded up 0.09 percent * U.S. stock futures , , were mixed around -0.1 percent to 0.1 percent * European shares, were up COMMODITY PRICE MOVES * Thomson Reuters-Jefferies CRB Index : 287.2235; fell 0.28 percent * Gold futures : $1,263.1; fell 1.27 percent * US crude : $101.81; fell 0.59 percent * Brent crude : $110.14; fell 0.81 percent * LME 3-month copper : $7,224.25; fell 0.42 percent CANADIAN STOCKS TO WATCH * Barrick Gold Corp’s : A Chilean appeals court has agreed to examine a new appeal against Barrick Gold’s suspended Pascua-Lama gold mine that alleges the project is hurting the environment and the quality of life for the local population. * BlackBerry Ltd : The company on Monday sought to reassure customers and partners that it was financially stable and “here to stay,” even though it announced massive layoffs and sources say it is in talks to sell all or part of the company. * Canadian National Railway Co : Talks between the railroad workers’ union and Canadian National Railway have broken down, raising the possibility of a strike or a lockout by Oct. 28 at the country’s largest railroad operator, the union said on Monday. * Toronto-Dominion Bank : The bank is considering an 8 billion pound bid for Royal Bank of Scotland’s American retail banking business Citizens, The Sunday Times reported without citing sources. ANALYSTS’ RECOMMENDATIONS Following is a summary of research actions on Canadian companies reported by Reuters. * Strategic Oil and Gas Ltd : National Bank Financial resumes coverage with outperform rating; price target of C$1.50, says the company is well funded to complete its 2013 budget and undertake an expanded 2014 program * Sulliden Exploration : National Bank Financial resumes coverage with outperform rating; price target of C$1.40 after the company recently closed $40 million bought deal financing * Trican Well Service Ltd : Cowen cuts price target to C$13 from C$15 based on a report that forecasts no improvement in pressure pumping prices through 2014 and probably beyond ON THE CALENDAR * No major Canadian economic data scheduled for the day * Major U.S.