Canadian News
TSX Biding Time In Afternoon Trade
3/11/2010 12:49 PM ET
(RTTNews) -
Toronto's main index was little changed in afternoon trading, as traders digested a slew of economic data from Canada, the US and China.
Traders were cautious amid worries that China may resort to more tightening measures, including interest rate hikes, to slow down its economic growth in the context of rising inflation.
The S&P/TSX Composite Index was up 3.03 points or 0.02% to 11964.09.
Gold stocks rose moderately as traders were encouraged to take fresh positions after three losing sessions.
The Gold Index gained 0.24%, with Barrick Gold Corp. (ABX.TO) up 0.93% and Yamana Gold Inc. (YRI.TO) up 1.18%.
April gold was down $0.80 to $1107.30 a troy ounce, recovering from a low of $1100.50.
Financial stocks were a mixed lot. RBC (RY.TO) rose 0.40% and Sun Life Financial Inc. (SLF.TO) added 1.08%, while Scotiabank (BNS.TO) gave in 0.36% and Laurentian Bank (LB.TO) was down 0.91%.
The Telecommunications Index was down 0.61%. BCE Inc. (BCE.TO) lost 1.85%, Telus Corp. (T.TO) eased 0.25% and Manitoba Telecom Services Inc. (MBT.TO) shed 2.67%.
by RTT Staff Writer
For comments and feedback: contact editorial@rttnews.com
|
|