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Canada Stocks Close Lower; Led Down by Metals and Mining; Americas Bullion Royalty Corp. Most Active
By: MT Newswires
Canadian stocks closed lower on Tuesday accelerating downward into the close. Most sectors were lower, led down by minutes, but Healthcare bucked the trend. Roger's Communications was a drag on the broader index despite an announcement of a huge television deal.
Rogers Communications (RCI-B.TO) and the National Hockey League announced a 12-year broadcast and multimedia agreement that includes all national rights to NHL games on all platforms in all languages. The deal is valued at $5.2 billion.
Americas Bullion Royalty Corp. (AMB.TO) was the most active share. The company
announced that it has reached a settlement with MF Investment Holding Company 1 Limited with respect to the senior secured facility agreement dated September 25, 2012 whereby the full amount owing under the facility agreement will be applied to the purchase price of certain royalties. The stock close up 21.4% with 6.6 million shares changing hands.