Canada's main stock market, the Toronto Stock Exchange, Tuesday
gained just one point at the close after hitting fresh intra-day
record highs of 15506 points. The exchange was boosted by earnings
from the likes of WestJet Airlines (WJA.TO) and Norbord (NBD.TO)
dropped near US$5 in the regular U.S. trading session, largely on
higher equity markets which hit demand for the metal as an
alternative investment, but also on a higher U.S. dollar.
Bloomberg reported Tuesday afternoon that West Texas
Intermediate oil fell to a two-week low on concern the shutdown of
the Coffeyville refinery in Kansas may reduce crude demand.
Bloomberg also reported that zinc dropped the most in six weeks in
London amid speculation that a rally to the highest level since
2011 lifted prices too far.
Among stocks, Blackberry (BBRY, BB.TO) was down 4% on the TSX as
Bloomberg reports that Ford Motor Co. (
) is deploying iPhones for corporate use to employees worldwide,
scoring a win for Apple Inc. (
) as it seeks to lure more corporate customers.
Earlier Tuesday, BlackBerry entered into an agreement to acquire
Secusmart GmbH, into high-security voice and data encryption and
anti-eavesdropping solutions for government organizations,
enterprises and telecommunications service providers in Germany and
internationally. A statement said the transaction is subject to the
satisfaction of certain customary conditions, including the receipt
of regulatory approvals. No financial details were given. The
statement added BlackBerry and Secusmart have previously partnered
to offer Secusmart's technology to customers that have the "most
demanding" security needs.
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