The Toronto stock market was little changed Friday in what could be a relatively quiet session, with U.S. markets still in Thanksgiving holiday mode and reopening for a shortened session.
The S&P/TSX composite index was off 10.83 points points to 12,142.27 after gaining 53 points Thursday while the TSX Venture Exchange rose 1.98 points to 1,250.34.
Shares in Research In Motion (TSX:RIM) (NASDAQ:RIMM) were down 57 cents or 4.75 per cent to $11.43. RIM stock spiked 17 per cent Thursday after National Bank Financial analyst Kris Thompson increased his price target for the BlackBerry maker to US$15 from US$12. On the Nasdaq, which was closed Thursday for Thanksgiving, the shares surged 12 per cent to US$11.49.
The Canadian dollar was up 0.03 of a cent to 100.31 cents US amid tame inflation data. Statistics Canada reported that the consumer price index was up 1.2 per cent year over year, slightly higher than an expected reading of 1.1 per cent.
U.S. markets were higher on hopes for solid results from "Black Friday," the unofficial start to the holiday retail season.
The Dow Jones industrials gained 55.55 points to 12,892.44, the Nasdaq composite index is 14.41 points higher to 2,940.96 and the S&P 500 index edged up 5.62 points to 1,396.65.
Read more Business News
- Banished from community?Poll
- Weed oil fire burns twoKelowna
- Rose vows to end wasteMunicipal Elections 2014
- Judge: Banishment OKKamloops
|QHR Technologies Inc||1.11||+0.06|
|Anavex Life Sciences||0.19||-0.0015|
|Copper Mountain Mining||1.94||+0.09|
|Sunrise Resources Ltd||0.06||0.00|
|Mission Ready Services||0.45||+0.06|
This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...
Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...
The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...