Tuesday, June 30th16.2°C
26808
25263

TSX digs lower on mining stocks

The Toronto stock market was slightly lower at the open as potential damage from the looming U.S. fiscal cliff continued to cast a shadow over trading while investors also took in a strong earnings report from tech bellwether Cisco Systems.

The S&P/TSX composite index declined 10.6 points to 12,124.06, led by declines in the mining sector, while the Canadian dollar gained 0.08 of a cent to 99.89 cents US.

Also, home improvement chain Rona Inc. (TSX:RON) was in focus. A fund manager that owns about one-tenth of the company, Invesco Canada, is calling for shareholders to remove the company's board and install new directors.

U.S. indexes were higher as Cisco Systems Inc. shares surged almost eight per cent after the world's largest maker of computer networking gear said that its earnings rose 18 per cent in the latest quarter to US$2.1 billion or 39 cents a share.

The Dow Jones industrials gained 15.67 points to 12,771.85, the Nasdaq rose 15.44 points to 2,899.33 and the S&P 500 was up 2.84 at 1,377.37.

Oil rose six cents to US$85.44 a barrel.

The Canadian Press


Read more Business News

26563


Recent Trending




Today's Market
S&P TSX14490.15-317.94
S&P CDNX667.09-12.29
DJIA17596.35-350.33
Nasdaq4958.47-122.04
S&P 5002057.64-43.85
CDN Dollar0.8063-0.0002
Gold1176.30-2.20
Oil58.84-0.12
Lumber291.30-0.90
Natural Gas2.754-0.096

 
Okanagan Companies
Pacific Safety0.165-0.010
Knighthawk0.010.00
QHR Technologies Inc1.53-0.02
Cantex0.05+0.00
Anavex Life Sciences0.42+0.01
Metalex Ventures0.075+0.010
Russel Metals22.68-0.40
Copper Mountain Mining1.17-0.05
Colorado Resources0.095+0.005
ReliaBrand Inc0.0064+0.0010
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.185+0.015
Decisive Dividend Corporation2.50+0.42

 



26563

FEATURED Property
18622483693 Green Bay Landing, West Kelowna, BC
4 bedrooms 4 baths
$2,995,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


The price of money

Money is not a commodity. By definition, a commodity is a generic product that is bought and sold on price alone. Money, Canadian bills for example, look the same, smell somewhat the same, and are ava...


TFSA strategies

Photo: Thinkstock.comThe federal government has increased the annual contribution limit of Tax-Free Savings Accounts (TFSA) to $10,000. Going forward, the annual limit will no longer be indexed to inf...


Renovation dreaming

Photo: Thinkstock.comDreaming of a new fire pit? A deep soaker tub?With summer on its way, lots of families have renovations on their minds. Did you know that home buyers can apply for a Purchase Plus...

_



26532

26613


Member of BC Press Council


24222