Canada's main stock market rallied over the final 30 minutes to
finish a roller coaster day slightly higher. On the two occasions
during the session - early morning and mid-afternoon - that it
looked set for gains it came under selling pressure, as if
investors were too afraid of getting ahead of themselves with all
of the uncertainty surrounding the global economy.
Five of the eight sub-sectors were higher (energy, health care,
info tech, telecom and utilities) while three were lower
(financials, industrials, metals & mining).
Most actively traded was Neo Material Technologies Inc.
(NEM.TO), which fell more than 3% with around 14.5 million shares
traded. Its shareholders face a proxy voting deadline of Monday
2012 at 10 a.m. (
). According to a report published on May 16, 2012, Glass Lewis
& Co. has recommended that shareholders vote FOR all
resolutions including the special resolution to approve a plan of
arrangement between Neo Material Technologies Inc. and Molycorp
), to be considered at the upcoming Annual General and Special
Meeting of Shareholders on Wednesday, May 30, 2012.
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