Facebook's new status - Richer
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.
Read more Business News
|QHR Technologies Inc||0.57||-0.03|
|Anavex Life Sciences||0.50||-0.02|
|Copper Mountain Mining||1.75||-0.02|
I vowed when I started this column twenty-five years ago that I wasn’t going to write about politics and I have held the line until today but this item is really about questions. I looked back o...
Big Picture Stocks press on Most major global equity markets continued their upward journeys this week despite less-than-inspired economic data. In the US, weaker-than-forecast employment and housing...
The majority of Canadians prefer to make their big move during the summer season. There are a variety of reasons for choosing this time of year: it is easier to transport boxes in non-icy condition...
- Loonie takes a short dive
- Music industry biggies donate $70M
- IRS investigated for tea party targeting
- Loonie weakens as commodities fall
- The buck is up - a little
- Cheap deadly cars made in Brazil
- Bangladesh to raise wages
- Open for business
- 'Gatsby' earns $51.1M, 'Iron Man' $72.5M
- Chrysler recalls nearly 470,000 SUVs
- Bell not interested in selling more Astral
- Loonie dips over a quarter