TSX Down Near 40 Points On Global Economic Concerns; RIM Helps Cap Losses

By Midnight Trader,  January 16, 2013, 10:10:28 AM EDT

Canada's main stock market, the Toronto Stock Exchange, on Wednesday opened down 40 points from its previous close, then dropped another 20 points before returning again to near its opening level as investors and traders digest news that the World Bank cut its outlook for global economic growth in 2013. Also, Germany cut its 2013 economic growth forecast by more than half.

Research In Motion (RIM.TO) is helping cap losses, up more than 5% with around 3.5 million shares traded, making it most active on the TSX. RIM's Secure Element Manager solution for NFC (Near Field Communication) mobile payments has received approval from Visa, allowing carriers to support Visa issuing banks and financial institutions.




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.


This article appears in: Investing, Commodities

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