Tuesday, January 27th0.2°C
24624

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

24910


Recent Trending




Today's Market
S&P TSX14797.83+18.48
S&P CDNX674.39-3.79
DJIA17678.70+6.10
Nasdaq4771.764+13.885
S&P 5002057.09+5.27
CDN Dollar0.8017+0.0001
Gold1277.20-2.2001
Oil46.82-0.11
Lumber316.00-0.30
Natural Gas2.987+0.106

 
Okanagan Companies
Pacific Safety0.14+0.025
Knighthawk0.010.00
QHR Technologies Inc1.39+0.01
Cantex0.035+0.005
Anavex Life Sciences0.18-0.001
Metalex Ventures0.035-0.005
Russel Metals24.45-0.03
Copper Mountain Mining1.09-0.01
Colorado Resources0.135-0.02
ReliaBrand Inc0.006+0.001
Sunrise Resources Ltd0.055+0.03
Mission Ready Services0.24+0.02

 



24667

FEATURED Property
21918307471 Sun Valley Road
4 bedrooms 3 baths
$649,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


How to price: workbook approach

In 2008 Self Counsel Press published my book - Pricing Strategies for Small Business. The book is now available in Europe, India, Russia and the United States. The purpose of the book was to make avai...


Ailing Parents: Tax Issues

If your parent has become ill, there can be several tax issues that come into play depending on the nature of their illness, their age and the role that family members are playing. For example, if you...


What do I pay ICBC for anyway?

If you have had ongoing dealings with ICBC as a result of a car accident than you have likely had the pleasure of dealing with at least two sides of ICBC. Initially the relationship starts off pleasan...

_



24709




Member of BC Press Council


24975