Canadian Stocks Lower As Energy, Mining Stocks Slip; RIM Surges After Jefferies Upgrade


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Canadian stocks are lower this afternoon, with declines among shares of energy and mining companies on lower oil and gold prices. Overall losses have been offset a little by gains for financial and info tech stocks. Technology shares are aided by an analyst upgrade of Research in Motion (RIM.TO, RIMM).

Here's where the Canadian markets stand today:

- S&P/TSX Composite Index down 28.49 (-0.24%) to 12,011.91.

- S&P/TSX Venture Composite Index down 0.04 to 1,249.92.

In company news, Research in Motion is up 3% at around $9.86 a share after earlier cracking the $10 mark for the first time since late June as the stock was raised to Hold from Underweight at Jefferies.

Analysts at the firm said they are expecting a much more positive market reception than once thought for the new BlackBerry 10 operating system when it debuts in January.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

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