Canadian News

TSX Dips At Open Thursday

Bay Street stocks moved down at open Thursday amid selling across a variety of sectors, with the S&P/TSX Composite Index dipping 38.05 points or 0.31 percent to 12,071.84.

The Global Gold Index was down over 1 percent, with Barrick Gold (ABX.TO), Goldcorp. (G.TO) and Kinross Gold (K.TO) losing around 1 percent each.

In the oil patch, Suncor Energy (SU.TO) was down about 1 percent, while Niko Resources (NKO.TO) was gaining over 6 percent after increasing its proved reserves by 160 percent.

Meanwhile, travel operator Transat A.T. Inc. (TRZ_A.TO, TRZ_B.TO) jumped over 9 percent despite reporting a wider second quarter loss.

Smart phone maker Research In Motion (BB.TO) moved up over 2 percent.

Lundin Mining Corp. (LUN.TO) rose over 3 percent after it said it will buy the Eagle nickel and copper mine in the U.S. from Anglo-Australian mining giant Rio Tinto plc for about $325 million.

by RTTNews Staff Writer

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