Canadian stocks are broadly higher today, with the S&P/TSX
Composite Index posting its second triple-digit rise in a row. The
Index was last up 123 points, but earlier had tacked on over 130
points to pull within close range of its 52-week high of
All 10 industry sectors in the TSX Composite are posting gains,
including a 2.5% advance for mining and materials stocks. Shares of
industrial, consumer and telecom companies also putting in strong
performances. Healthcare stocks are lagging the field, climbing
about 0.1% as a group.
Among individual stocks posting out-sized gains, Oncolytics
Biotech Inc (ONC.TO, ONCY) is up about 2.6% after saying its
Reolysin drug candidate - used in combination with carboplatin and
paclitaxel - demonstrated a disease control rate of 71.5% in
patients with metastatic melanoma during the first stage of a
two-stage, Phase II clinical trial.
Canaccord Financial Inc. (CF.TO) is down 2.09% after saying it
earned CDN $0.04 a share in Q4 up from a loss of CDN $0.42 a year
earlier. Excluding items, it earned CDN $0.12 a share, up from CDN
$0.02. Revenue was also higher.
Copper Mountain Mining Corp. (CUM.TO) stock has jumped 10.5%
since the company reported that the damaged SAG mill transformer at
its Copper Mountain mine in British Columbia was replaced late
Friday and the mill was back in operation by Friday night. It said
operations over the weekend were better than forecast.
Logan International Inc. (LII.TO) shares are up 16.2% after the
company reportedly hired a financial adviser to review strategic
alternatives in a bid to boost shareholder value. The process will
include seeking proposals from potential buyers, it said.
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