Wednesday, April 16th9.3°C
17283
20654

A good opening for TSX

The Toronto stock market was higher after a positive earnings report and outlook from resource giant Alcoa Inc..

The S&P/TSX composite index gained 17.72 points to 12,522.53 while the Canadian dollar was up 0.03 of a cent to 101.38 cents US.

U.S. indexes were positive after Alcoa reported results after the close Tuesday, meeting expectations of quarterly earnings of six cents a share. Revenue of US$5.9 billion beat expectations by $300 million and Alcoa predicted a seven per cent increase in demand this year, slightly better than the six per cent increase in 2012.

Alcoa shares were up two per cent in New York.

The Dow Jones industrials rose 44.58 points to 13,373.43, the Nasdaq was up 10.25 points to 3,102.06, while the S&P 500 index was ahead 3.81 points to 1,460.96.

The February crude contract on the New York Mercantile Exchange drifted 17 cents higher to US$93.32 a barrel.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14446.52+142.60
S&P CDNX997.975.87
DJIA16424.85162.29
Nasdaq4086.225+52.064
S&P 5001862.31+19.33
CDN Dollar0.9088+0.0011
Gold1302.20+2.20
Oil103.99+0.23
Lumber326.50-2.30
Natural Gas4.542+0.012

 
Okanagan Companies
Pacific Safety0.105-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.22-0.05
Cantex0.045-0.005
Anavex Life Sciences0.375-0.005
Metalex Ventures0.0750.00
Russel Metals30.55+0.28
Copper Mountain Mining2.42+0.10
Colorado Resources0.2650.00
ReliaBrand Inc0.12-0.01
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.23-0.02

 
19691


20880

FEATURED Property
1921972#211 1795 Country Club Drive
2 bedrooms 2 baths
$329,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Valuation fears grip markets

The Big Picture Valuation fears grip markets Growing concerns about the level of stock market valuations sparked a risk-off trade in global markets this week. Investors are worried that many companies...


Quick and nimble

Photo: ContributedFor many businesses this has been a tremendously difficult time since the 2008 crisis. Business fell off. Sales techniques that always worked, well… stopped working. Customers...


Keeping a clear focus on the future

Many times when we are gripped by fear it can be one of two mental challenges that we can learn to overcome. Photo: ContributedThe Fear is completely imaginary. In this situation there may be no fact...

_



21641

21641


Member of BC Press Council


21202