Markets

Sector Update: Industrials; Ritchie Bros. Sells More than C$104 Mln Equipment in Alberta Auction, WestJet Makes First Scheduled Transatlantic Flight

Industrial stocks were advancing in afternoon trading, and the S&P/TSX Industrials index was up 0.5%.

Ritchie Bros. (RBA.TO): +1.3%

WestJet (WJA.TO): +0.1%

Bombardier (BBD-B.TO): +0.8%

Westport Innovations (WPT.TO): +6.5%

Air Canada (AC-B.TO): +1.1%

In corporate news, Ritchie Bros. Monday said it has sold more than C$104 million (US$95 million) of heavy equipment and trucks in its recently held auction in Edmonton, Alberta in Canada. The industrial auctioneer said the auction set a new one-day sales record for the company.

More than 3,500 of the bidders participated online and purchased more than C$42 million (US$39 million) of equipment.

Meanwhile, WestJet has launched its first scheduled transatlantic service between Toronto and Dublin, Ireland, with a brief stop in St. John's, Newfoundland. The new service was first announced in November 2013.

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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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