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TSX Dips At Open Monday

Bay Street stocks opened lower Monday amid selling in commodities, with the S&P/TSX Composite Index shedding 67.01 points or 0.55 percent to 12,170.73.

The Global Gold Index was down nearly 1 percent, with New Gold (NGD.TO) diving over 7 percent. Goldcorp. (G.TO) slipped 1 percent after announcing that the environmental permit approval for its El Morro copper-gold project was suspended by the Supreme Court of Chile.

In the oil patch, MEG Energy was down close to 3 percent and Pacific Rubiales Energy (PRE.TO) slipped 1.50 percent.

On the other hand, Niko Resources (NKO.TO) and Petrominerales (PMG.TO) moved up around 3 percent each.

Meanwhile, McGraw-Hill Ryerson (MHR.TO) surged close to 5 percent even after reporting a wider first quarter net loss of C$2.7 million or C$1.37 per share compared to the net loss of C$2.2 million or C$1.10 per share last year.

by RTT Staff Writer

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Here is a quick summary of the earnings reported after the bell on Jul 27. 1.Del Taco Restaurants, Inc. (TACO, TACOW) Q2 Net income was $4.6 million compared to net loss of $0.1 million a year ago. Q2 Total revenue was $97.6 million, an increase of 7.0% compared to $91.2 million a year ago. *** 2.Plantronics,... Semiconductor packaging company Amkor Technology Inc. (AMKR), Monday reported a plunge in profit for the second quarter, as revenues declined and margins narrowed. The bottom line was also impacted by a debt extinguishment charge. Shares of the company fell about 14 percent in extended hours after... Hartford Financial reported a swing to profit for the second quarter, helped mainly by improved underwriting results in property and casualty business, and contribution from Talcott Resolution, while the prior year included a one-time loss from discontinued operations. Hartford's quarterly earnings easily topped Wall Street estimates...
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