TSX Down 30 Pts, But Halves Early Lows With Focus On Cyprus; Blackberry Sees Renewed Buying On Reports of CEO's Cash Comments

Canada's main stock market, the Toronto Stock Exchange, is down around 30 points but above day lows after about 45 minutes of trading Monday as investors and traders wait to see what action Cyprus takes in revising a controversial bailout plan. Renewed buying in Blackberry (BB.TO) - which is up 3% - has helped cap losses. Blackberry gains may be coming on reports that its CEO said the company will show a strong cash position when it issues its next financial results in coming weeks.

The index opened around 40 points below Friday's close and quickly added another 30 points in losses before it returned to in and around its open level.

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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