Wednesday, September 2nd21.3°C
26775
26096

TSX up amid solid bank earnings

The Toronto stock market was slightly higher, supported by strong earnings reports from CIBC (TSX:CM) and National Bank (TSX:NA) and major acquisition news from Canada's tech sector.

The S&P/TSX composite index gained 32.86 points to 11,466.08 while the Canadian dollar was up 0.04 of a cent to 97.2 cents US.

Canada's largest IT services company, CGI Group (TSX:GIB.A), plans to more than double the size of its global workforce and total revenue through a friendly deal to acquire U.K.-based firm Logica PLC in a $3.1-billion deal. CGI shares surged 17 per cent.

The Dow industrials slipped 3.78 points to 12,416.08 amid soft jobs data,. The Nasdaq dipped 0.82 of a point to 2,836.54 and the S&P 500 index added 0.35 of a point to 1,313.67.

A day before the release of the U.S. government's employment report for May, employment firm ADP said the U.S. private sector created 133,000 jobs in May. That was less than the 150,000 figures that economists expected.

The Canadian Press


Read more Business News

27126


Recent Trending




Today's Market
S&P TSX13545.25+63.35
S&P CDNX550.05+2.08
DJIA16351.38+293.03
Nasdaq4749.98+113.87
S&P 5001948.86+35.01
CDN Dollar0.7538+0.0001
Gold1132.20-6.50
Oil46.14-0.11
Lumber235.70+1.70
Natural Gas2.641-0.007

 
Okanagan Companies
Pacific Safety0.22+0.05
Knighthawk0.010.00
QHR Technologies Inc1.19+0.01
Cantex0.04-0.01
Anavex Life Sciences1.25-0.07
Metalex Ventures0.055+0.005
Russel Metals20.87-0.34
Copper Mountain Mining0.61-0.01
Colorado Resources0.075-0.010
ReliaBrand Inc0.0045+0.0005
Sunrise Resources Ltd0.02+0.00
Mission Ready Services0.08-0.01
Decisive Dividend Corp2.62+0.12

 



27504

FEATURED Property
21330715958 Snow Pines Crescent
5 bedrooms 4 baths
$965,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Agree to ask questions

Photo: Thinkstock.comThe STORY: I think, said Janet to herself, that I just figured out a solution to my problem of letting the prospect run the meeting.With that thought in mind, she got out of her c...


Your business is not a bank

Photo: Thinkstock.comYour plumbing business is not a bank. But when you are giving terms to customers that exceed what you get from your suppliers, you become one. And every time that someone does not...


Begin with the end in mind

Photo: ContributedWe humans love our dates: birthdays, anniversaries, 9/11, the Ides of March - our lives are intimately woven within the tapestry of the calendar. So it should come as no surprise whe...

_








Member of BC Press Council


27074