Canadian stocks are up around 20 points Monday afternoon, but
down as much from session highs on selling in the most active stock
Research In Motion (RIM.TO, RIMM) and the release of poor U.S.
economic figures after the release of positive numbers earlier
seemed to buoy traders and investors.
RIM is down 6.5% despite today announcing that the new
BlackBerry World storefront (formally BlackBerry App World) for
BlackBerry 10 will offer "one of the most robust music and video
catalogs in mobile today." The official Blackberry 10 launch
happens Wednesday and MidnightTrader will have live coverage of the
event throughout that day.
In the U.S. the good news was out earlier #although Bank of
Montreal said "there is some debate about whether or not the
durables report was good"# and was followed with some bad news -
U.S. pending home sales unexpectedly fell in December.
There are more industry sectors up than down, with gains for
shares of financial and telecom companies overcoming declines among
gold miners and technology stocks. Energy stocks are little
In company news, shares of medical isotopes provider Nordion
Inc. #NDN.TO, NDZ# are up about 7% at near $6.90 but off a day high
$7.40 in today's Toronto trading after the company said it has
hired Jefferies & CO. to assist in a review of its strategic
NDZ today also said it filed an amended statement of claim late
on Jan. 18 against Atomic Energy of Canada Ltd, seeking $243.5
million in damages for neglicence and breach of its isotope
production facilities agreement. An arbitration panel four months
ago rejected the company's orginal claims against AECL, which has
supplied all of NDZ's raw materials from its aging Chalk River
NDZ also reported adjusted Q4 earnings of $0.34 a share, topping
expectations by $0.08. Revenue was flat at $74.7 million but beat
analyst estimates by $2.05 million. The company said it expects a
20% decline in sales during FY13.
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