TSX Closes Down 36 Pts; Blackberry (The Company Formerly Known As RIM) Weighs


Canada's main stock market, the Toronto Stock Exchange, regained around 20 points in the final minutes but still closed down 36 points Wednesday, weighed down especially by selling in Blackberry - the company known until today as Research In Motion (RIM.TO, RIMM) - on the day it launched its eagerly awaited Blackberry 10 smartphones and operating system.

RIM are hoping that its new Z10 touch screen phone and new operating system will help it recoup lost turf against Apple Inc.'s ( AAPL ) iPhone and Google Inc.'s ( GOOG ) Android, used by Samsung.

RIM saw nearly 23 million shares traded, about three times the next most active stock.

March Crude oil added $0.37 in today's session to settle at $97.94 a barrel, shrugging off data that showed crude supplies rose by 5.9 million barrels for the week ended Jan. 25. Analysts polled by Platts expected a 2.5 million-barrel climb.

Gold saw some upside momentum today, and futures for April delivery tacked on 1.1% to end at $1,681.60 an ounce. Giving gold reason to rally was a disappointing read on America's Q4 GDP. GDP slipped to -0.1% in Q4, putting it in contraction territory for the first time since the recession.

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.

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This article appears in: Investing , Commodities

Referenced Stocks: AAPL , GOOG

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