Canadian stocks are looking strong this afternoon, with the
S&P/TSX Composite Index trading near its best level of the day,
climbing 130 points - or about 1.1% - to near 12,220.
Most industry sectors are posting gains, including a 4% advance
for the metals and mining group as copper enjoys a big day in
commodities trade, with the June contract rising over 2.5% at the
New York Mercantile Exchange to $3.18 a pound. Gold and silver
futures also are higher while another gain in crude oil prices is
carrying the energy sector to a nearly 2.0% rise as a group.
Healthcare stocks are the only sector now in the red, falling
about 0.3%, largely due to a 3.1% decline for CML Healthcare
(CLC.TO). Medical isotope provider Nordion (NDN.TO, NDZ) and
drug-maker Valeant Pharmaceuticals (VRX.TO, VRX) also are lower on
the TSX today.
VRX today said regulators in Ukraine have approved the company's
proposed acquisition of Obagi Medical Products (
). It also said it expects to complete its $24-a-share tender offer
for OMPI by the deadline of one minute past midnight ET
In other company news, Blackberry (BB.TO, BBRY) is up about 2.5%
today amid reports the smartphone-maker is set to debut its
keyboard-equipped Q-10 Blackberry phone in the United Kingdom as
soon as Friday. The new phone will appear in Canadian stores on May
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