TSX Recovers From One Month Lows To Close Down 7 Pts; Blackberry Q4 Awaited


Canada's main stock market, the Toronto Stock Exchange, got its nose in to positive territory inside the last hour of Wednesday's trading session and while it didn't manage to stay there, it closed down less than 10 points. This represents an impressive turnaround as the index opened 30 points lower than the previous close and was down more than 80 points and touched its lowest levels since late February inside half an hour.

As they have been for much of this week, Bombardier (BBD-B.TO) and Blackberry (BB.TO) were among the most active and both gained 2%. Blackberry is very much in the news ahead of tomorrow morning's Q4 result - in which it is expected to provide the first official sales numbers for its Z10 smartphone.

MarketWatch reported: "Gold futures on Wednesday marked their first gain in four sessions, finding support as weakness in U.S. equities lured investors back to the perceived safety of the precious metal." It said: "April gold added $10.50, or 0.7%, to settle at $1,606.20 an ounce on the Comex division of the New York Mercantile Exchange. June gold, which is the most-active contract, settled at $1,607.20 an ounce, up $9.90, or 0.6%."

MarketWatch also reported: "Oil futures staged a modest rebound Wednesday, reversing course to turn decidedly higher in the last hour or so before the session's close. Prices extended their gains to a fourth session in a row, continuing to find support from recently upbeat economic data despite a Wednesday report showing a hefty climb in last week's U.S. crude supplies." It said: "May crude rose 24 cents, or 0.3%, to end at $96.58 a barrel on the New York Mercantile Exchange, the highest close for a most-active contract since Feb. 19, FactSet data show."

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This article appears in: Investing , Commodities

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