Canada's main stock market, the Toronto Stock Exchange,closed 78
points today despite news of the US intervening in Iraq (albeit on
a humanitarian basis), and the resumption of hostilities between
Israel and Hamas.
Gold is down slightly, to US$1,311, and silver is also down, to
The Canadian index also appeared to shrug off the latest
Statistics Canada report on employment -- with a meagre 200 jobs
being created in May, against the expected 20,000.
Healthcare stocks remained the most notable advancer, up 2.2%,
boosted by Tekmira Pharmaceuticals (TKM.TO) which closed the day
43% higher, but off year highs,after U.S. regulators partially
lifted a hold on its experimental Ebola drug. Also, miners and
energy were up 0.95% and 1.71%, respectively, tracking copper and
. Commodities seemed to have benefited from the worsening crisis in
Iraq and from upbeat Chinese trade data showing a surplus.
Magna (MG.TO) hit a new year high of $122.61, after boosting its
sales outlook. SNC-Lavalin (SNC.TO) fell nearly 3% after Q2 profit
missed analysts' estimates on declining revenue.
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