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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