• 
• See all for Midnight Trader
• View Print Version

• Real Time Analyst Upgrades/Downgrades
• Real Time Stock News & Trading Ideas
• Free Earnings Calendar

Canadian stocks have been down around 40 points for most of Wednesday's session, today held back on news the World Bank has cut back its global economic growth forecasts and Germany cut its 2003 forecast by more than half.

Most industry sectors are lower today, with the steepest declines for healthcare and mining stocks. Shares of financial and energy companies also are slipping, keeping pace with declines for the the broader market.

Tech stocks are the lone sector posting gains, aided by a 3.5% rise for Research in Motion (RIM.TO, RIMM) after U.S. credit card issuer Visa signed off on the smartphone company's mobile-payments system, allowing carriers to support Visa-issuing financial institutions.

In other company news, Magna International (MG.TO, MGA) is up and nearer to 52 week highs after projecting FY13 revenue that was in-line with the analyst consensus. MGA said it expects to generate between $31.3 billion to $32.7 billion during the 12 months ending next Dec. 31. Its guidance includes about $26.5 billion to $27.5 billion in production sales and up to $2.8 billion in vehicle assembly sales.

Related Commodities Articles

• 
  Mart Announces Financial Results For Q1 2013; Shares Down 5.4% in Early Trade
  5/23/2013 09:52 AM
• 
  Arian Silver Reports Results for Q1 2013
  5/23/2013 09:31 AM
• 
  El Tigre Silver Reports Final Drill Assays, NI 43-101 Resource Modeling Work Underway
  5/23/2013 09:21 AM