After six days of successive gains, Canada's main stock market,
the Toronto Stock Exchange, has now gone two straight days with
losses. It looked promising when the index went slightly higher
early on, but it soon turned negative and it largely was a question
of, by how much would it fall rather than would it fall over the
remainder of the session.
Investors are traders appear to be wary of Greece. Although its
international lenders agreed on a package of measures to reduce its
debt by 40 billion euros, there is still some concern that this
amount won't be enough.
Research In Motion Ltd. (RIM.TO) undid much of the good work
done in recent weeks in falling the most in almost three weeks
today on news the BlackBerry's U.S. market share shrank to 1.6%,
hurt by sales of Apple Inc.'s (
) iPhone. While the shares rallied more than 50% in November
through yesterday, they are still down 17% this year, Bloomberg
Bombardier Inc (BBD-B.TO) helped cap losses in gaining 8% on
news it has signed its largest business jet deal ever, a $7.8
billion order from Swiss charter operator VistaJet for up to 142
Crude oil futures settled lower Tuesday, as a warning from a
group of industrialized nations about the potential for a global
recession fed demand concerns, MarketWatch reported. January crude
oil fell 56 cents to settle at US$87.18 a barrel on the New York
Mercantile Exchange. Prices lost 54 cents on Monday. But
natural-gas futures managed to recoup some of its 4.4% loss in the
Gold futures fell Tuesday, extending their losses to a
second-straight session, as some upbeat U.S. economic data, as well
as a debt deal in Greece helped dull the precious metal's
safe-haven appeal, MarketWatch reported. A stronger U.S. dollar
also weighed on the metal. Gold for December delivery fell US$7.30
to settle at $1,742.30 an ounce on the Comex division of the New
York Mercantile Exchange.
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