Canadian Stocks Little Changed Today; Research in Motion Sets Jan 30 Debut for BB10 Smartphones
Canadian stocks are little changed today, with most sectors higher, led by mining and metals stocks, but declines among energy and health care stocks are capping gains on the S&P/TSX Composite Index.
Here's where the Canadian markets stand today:
- S&P/TSX Composite Index up 2.43 (+0.02%) to 12,199.23.
- S&P/TSX Venture Composite Index up 2.76 (+0.2%) to 1,303.68.
In company news, shares of Research in Motion (RIMM, RIM.TO) are up 3% in Canada with the company today saying its new Blackberry 10 smart-phone and operating system will debut world-wide on Jan. 30.
RIMM is counting on its BB10 devices to carve out new market share and reverse the company's fortunes. The company, according to IDC, this year held just 4.3% of the global smartphone market after once dominating the field.
The new BB10 operating system has been generating largely positive reviews from developers, partner firms and other potential users testing prototype devices although they caution that even with a strong product, RIMM still faces an uphill climb given the headstart its rival enjoy.
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