Canada Stocks Close Higher; Blackberry BBM Boss Exits; Status Quo Expected for Budget

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Canadian stocks closed higher on Monday, but settled well off session highs. Sectors were mixed with Healthcare leading the way higher and Energy capping gains.

The man responsible for leading BlackBerry Ltd's (BBRY, BB.TO) flagship messaging product, BlackBerry Messenger, has decided to leave the embattled smartphone maker, the Financial Post reports. On Monday, BlackBerry confirmed that Andrew Bocking, a longtime executive at the Waterloo, Ontario-based company, is no longer in his role as executive vice president of BBM and would be departing the company, it says.

Bank of Montreal on Monday said while it is not expecting any ground-breaking news in Tuesday's federal government budget, some small goodies for voters might be included. "The decision to unveil the budget during the Olympics tells you all you need to know," it said.



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