Monday, March 2nd1.8°C
25405
23943

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

25194


Recent Trending




Today's Market
S&P TSX15264.05+29.71
S&P CDNX704.30-2.43
DJIA18288.63+155.93
Nasdaq5008.096+44.568
S&P 5002117.39+12.89
CDN Dollar0.7979+0.0004
Gold1195.00-12.70
Oil51.59-0.55
Lumber298.40-1.10
Natural Gas2.699-0.035

 
Okanagan Companies
Pacific Safety0.135+0.015
Knighthawk0.010.00
QHR Technologies Inc1.60+0.05
Cantex0.035-0.005
Anavex Life Sciences0.18-0.01
Metalex Ventures0.045+0.01
Russel Metals25.54+0.16
Copper Mountain Mining1.29-0.01
Colorado Resources0.135-0.015
ReliaBrand Inc0.008-0.0007
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.225-0.01

 





FEATURED Property
220431416550 Barkley rd
3 bedrooms 3 baths
$614,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Refinance your mortgage?

Canadian Mortgage rates are low and could be dropping down in time for the spring market following a drop in the Bank of Canada Rate on January 21 by 1/4% which will save new buyers and those with mo...


Creating your retirement vision

A vision means different things to different people. To the head of a large corporation, it’s the ability to chart a course that will deliver success (think Steve Jobs and Apple), to a shaman, i...


Are you asking the right questions?

Have you ever had this happen to you? You are in the middle of your second or third good discussion with a prospect and everything seems to be going great. The prospect seems engaged and happy to work...

_








Member of BC Press Council


24681