Markets

TSX Recoups 70 Pts Over Final Hour, But Closes Down 80 Pts; Bombardier Weighs

Toronto's main stock index recouped around 70 points over the final hour on Tuesday but still ended the day down nearly 80 points, reflecting continuing concerns among investors about the pace of economic recovery, particularly in the United States and Europe.

Easily most actively traded on the TSX was Bombardier Inc (BBD-B.TO), which ended the day only slightly lower at $4.45 having earlier hit a new year low of $4.16 despite saying it has received an order for 76 metro cars worth about US$120 million from India's Delhi Metro Rail Corp, adding to its 114-vehicle contract announced last year. Delivery will commence in the third quarter of 2012 and is expected to end in early 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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