Canadian stocks are higher again this afternoon, with the
S&P/TSX Composite Index now up nearly 30 points, or over 0.2%,
recovering from a mid-day slump that saw the market barometer 30
points underwater. All of this after the index opened around 50
points higher than the previous close and was up around 100 points
after just over 30 minutes of the trading day.
Most industry sectors in the TSX Composite are higher today,
although Industrials and Info Tech were lower and energy stocks
were little changed amid another decline in crude oil and natural
gas prices. Mining and materials companies are among the best
performers, lifted by a rebound in bullion prices.
In company news today, Wi-Lan Inc (WIN.TO, WILN) is up 9% today,
earlier posting a 13% rise, after the wireless and networking
company last night saying it renewed a long-term license agreement
with Samsung for its patented technologies. According to the
companies, the new pact adds greater patent scope and several years
to the prior agreement. All other terms of the license agreement
Also today, Insurer Sun Life Financial Inc. (SLF.TO,SLF) is down
about 3% after saying it won't close on the sale of its U.S.
annuities business to Delaware Life Holdings LLC before the end of
June as first expected, explaining the deal has been delayed
waiting for approval from one regulator.
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