Markets

Canadian Stocks Now Building On Gains Of Last Three Days; Info Tech, Financial Lead The Way

After a weak start and a blip around midday, Canadian stocks now appear to have steadied well inside positive territory, building on the 200-plus points gained over the last three consecutive sessions, led by financial and technology stocks. Miners have turned negative while energy stocks are slightly higher.

Here's where the Canadian markets stand today:

- S&P/TSX Composite Index up 29.40 (+0.3%) to 12,085.68.

- S&P/TSX Venture Composite Index up 0.15 (+0.01%) to 1,242.45.

In company news, shares of Lululemon Athletica Inc. (LLL.TO, LULU) are down near 2% on the Toronto Stock Exchange today after the sportswear retailer late Tuesday struck a deal with clothing maker Calvin Klein Inc. and one of its licensees to settle patent lawsuits related to certain yoga pant designs.

Terms of settlement were not disclosed but LULU said the companies have agreed to drop all pending litigation.

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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