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

By
A A A

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 The NASDAQ OMX Group, Inc.

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


This article appears in: Investing , Commodities

Referenced Stocks:

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Russell’s One Good Reason
Russell’s One Good Reason           
Tammy’s One Good Reason
Tammy’s One Good Reason             
Lisa’s One Good Reason
Lisa’s One Good Reason              

Stocks

Referenced

Most Active by Volume

87,324,760
  • $7.31 ▲ 22.04%
79,329,227
  • $17.16 ▲ 0.76%
74,153,988
  • $8.87 ▼ 5.84%
49,177,672
  • $34.01 ▲ 4.39%
44,197,901
  • $101.40 ▲ 1.38%
43,197,735
  • $11.70 ▲ 3.36%
42,712,021
  • $74.99 ▲ 1.19%
42,423,171
  • $108 ▲ 0.95%
As of 10/31/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com