FONT-SIZE Plus   Neg

TSX Dives At Open Monday

Bay Street stocks suffered steep losses at open Monday amid widespread sell-offs, with the S&P/TSX Composite Index diving 167.82 points or 1.44 percent to 11,526.85.

The Diversified Materials Index lost close to 3 percent, with Inmet Mining (IMN.TO) and First Quantum Minerals (FM.TO) shedding close to 4 percent each. Teck Resources (TCK_B.TO) was down 2 percent.

Base-metals miner Imperial Metals (III.TO) surrendered close to 5 percent after reporting a lower first-quarter net earnings.

In the oil patch, Suncor Energy (SU.TO) and Baytex Energy Corp. (BTE.TO) were down around 3 percent each.

Among gold plays, Goldcorp. (G.TO), Allied Nevada Gold (ANV.TO) and Agnico-Eagle Mines (AEM.TO) were down over 2 percent each.

Silver Wheaton Corp. (SLW.TO) slipped over 3 percent despite posting improved first quarter net earnings.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
T-Mobile US Inc. on Monday lifted its forecast for fiscal 2016 adjusted EBITA, a key earnings metric, as well as customer additions after reporting a surge in third-quarter profit and and revenues with strong customer growth. Earnings per share came in above market estimates. In pre-market activity, shares were gaining around 4.8 percent to $49. Shares of Philips Electronics NV were gaining around 3 percent in the early morning trading in Amsterdam after the Dutch consumer electronics giant reported Monday a higher profit in its third quarter driven by margin strength with improved performance in its segments. Consolidated comparable sales growth was 2 percent, driven by 5 percent increase in HealthTech portfolio. AT&T announced a definitive agreement to purchase Time Warner in a stock-and-cash transaction valued at $107.50 per share. This purchase price implies a total equity value of $85.4 billion and a total transaction value of $108.7 billion, including Time Warner's net debt. AT&T expects the deal to close before year-end 2017.
comments powered by Disqus
Follow RTT