Canada's main stock market, the Toronto Stock Exchange, closed
up 30 points Thursday, but that was more than 40 points off a near
18 month high of 12,863.47 hit mid-morning. In terms of outside
factors, the release of better than expected initial claims data
gave reason to hope that an economic recovery is underway in the
U.S, which is Canada's largest trading partner.
On the domestic front, RIM dialled up nearly 3% in gains and at
one point was close to reaching a year high $18.49 hit earlier this
week, boosted by a 12% drop in Apple Inc's (
) shares on poor holiday period iPhone sales, which raised the
possibility of RIM lifting its market share in the U.S. and other
markets if next week's eagerly awaited launch of the Blackberry 10
Meanwhile, shares in Bombardier Inc (BBD-B.TO) fell 1% on
Thursday on news that rival Embraer had landed a large order to
supply regional jets in the United States.
MarketWatch reported: "Crude oil for March delivery rose 72
cents, or 0.8%, to settle at $95.95 a barrel on the New York
Mercantile Exchange. The U.S. Energy Information Administration
reported an unexpected weekly decline in gasoline stocks and a
smaller-than-anticipated rise in distillate stocks, but oil
inventories rose by a larger-than-expected 2.8 million barrels. The
rise in oil futures on Thursday cut into Wednesday's slump of
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