Oct 24, 2012 / 6:56 am
The Toronto stock market is slightly higher at the open amid a wave of positive Canadian earnings reports.
The S&P/TSX composite index gained 31.26 points to 12,257.1 following a 178-point tumble Tuesday as the Canadian earnings season got into gear with reports from Rogers Communications (TSX:RCI.B), Canadian Pacific Railway (TSX:CP) and Teck Resources (TSX:TCK.B).
The Canadian dollar rose 0.33 of cent to 101.07 cents US.
U.S. indexes were positive after racking up steep losses after earnings disappointments from DuPont chemical and conglomerate 3M Inc. had reinforced a gloomy view of global economic prospects.
The Dow Jones industrials gained 35.95 points to 13,138.48, the Nasdaq composite index was up 20.78 points to 3.011.24, while the S&P 500 index advanced 5.98 points to 1,419.09.
Facebook stock surged 22 per cent after the world's biggest social media company provided some proof it can make money from mobile advertising. Facebook said after the market close Tuesday that some 14 per cent of its quarterly ad revenue came from mobile advertising.
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|QHR Technologies Inc||0.56||-0.01|
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