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Canada Stocks End Day Back Near Where They Started; Bombardier, IMAX Help Cap Losses

Canada's main stock market, the Toronto Stock Exchange, ended the day back near where it started, down in and around 40 points. It opened down 37 points from the previous close and was down close to 90 points early afternoon, but recovered from there, helped by an improved oil price.

Many resources stocks were weaker on weakness in commodity prices over the last few days.

Helping cap losses were Bombardier (BBD-B.TO), which gained 2 cents to $3.89, with more than 13 million shares traded, and Imax Corp. ( IMAX ) rose 5% to its highest price in more than five months after JPMorgan Chase & Co. lifted its sales and profit forecasts on higher-than-expected audience numbers for 3-D films such as 'The Hobbit.'

Oil futures finished with a small gain Monday as traders awaited this week's data on U.S. supplies and looked for hints on oil demand, MarketWatch reported.

February crude oil rose 10 cents to settle at US$93.19 a barrel on the New York Mercantile Exchange, the contract's highest settlement since mid-October.

Gold futures settled lower Monday to tally a three-session loss of 2.5%, MarketWatch reported. February gold settled at US$1,646.30 an ounce on the Comex division of the New York Mercantile Exchange, down $2.60 for the session.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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