Keywords Marketwatch Toronto stock market dips on weakness in the energy and financials sectors S&P/TSX composite hits highest close since March on strength of financials sector Share this article and your comments with peers on social media The tech sector was a major driver, up 1.55 per cent with BlackBerry (TSX:BB) ahead 68 cents or 6.06 per cent to $11.75 after the smartphone company said that it had acquired Movirtu, which has developed a system that allows multiple numbers to be active on a single smartphone. Financial terms weren’t disclosed. The Canadian dollar tumbled 0.93 of a cent to a five-month low of 90.52 cents US as weaker than expected Chinese inflation data raised more concerns about a slowing of the world’s second-biggest economy and pressured commodity-based currencies such as the loonie. U.S. markets were mixed with the Dow Jones industrials down 19.71 points to 17,049 while the Nasdaq gained 5.29 points to 4,591.81 and the S&P 500 index edged up 1.76 points to 1,997.45. Meanwhile, quarterly net earnings from Empire Co. (TSX:EMP.A), parent of grocer Sobeys, were $123.1 million or $1.33 per share, up from $65 million or 95 cents a share a year earlier, before its acquisition of Safeway Canada. Adjusted net earnings were $131.7 million or $1.43 per share, well ahead of analyst expectations of $1.35 per share and its shares gained $1.14 to $75.56. Lululemon (Nasdaq:LULU) reported a lower second-quarter profit of $48.7 million or 33 cents per share, compared with $56.4 million, or 39 cents per share a year ago. Revenue for the quarter was up 13 per cent to $390.7 million. Its stock jumped 14 per cent to US$43.73 in New York as the Vancouver-based company also raised its full-year adjusted earnings guidance after having lowered it in June. “It does fit a trend that we’re seeing, a very nice rebound in earnings among Canadian companies,” said Stephen Lingard, managing director, Franklin Templeton Solutions. “It fits the theme that many in Canada, including analysts, were too negative on the market and really this is behind why Canada is the second-best performer in developed markets so far this year,” Lingard said. The TSX had been held back by energy stocks as a report forecast lower global demand for crude. The International Energy Agency said that it expected global oil demand to grow by 900,000 barrels a day in 2014, a decrease of 65,000 barrels a day compared with last month’s forecast and down by 300,000 barrels a day since July. The IEA blames economic weakness in Europe and China. But the group ended the session ahead 0.16 per cent as the October crude contract in New York erased early gains to rise $1.16 to US$92.83 a barrel after closing at an eight month low Wednesday. The battered base metals sector, down over four per cent in the last month, was up 0.5 per cent even as weak inflation data from China pushed December copper down two cents to US$3.09 a pound. The gold sector was ahead about 1.1 per cent as December gold faded $5.40 to US$1,239.90 an ounce. Related news TSX gets lift from financials, U.S. markets rise to highest since March Positive corporate earnings and dealmaking in the tech sector helped send the Toronto stock market higher on Thursday. The S&P/TSX composite index was ahead 62.43 points to 15,534.32. Malcolm Morrison Facebook LinkedIn Twitter
Related Items:EHF EURO 2018, Veselin Vujović RK PPD Zagreb and Veselin Vujovic part ways Vujovic about biggest WCh 2021 impression: Hungary deserves success, Banhidi is the best world’s line player! ShareTweetShareShareEmailCommentsSlovenian coach Veselin Vujovic put a lot of critics on referees decision after defeat of his team against Macedonia 24:25 in the first match in Group C in Zagreb. Slovenia didn’t score in the last 5:30 minutes, but also had 20 minutes of exclusion in total.I don’t know what to say after all, when I saw that Romanians are nominated, some fear appeared that we don’t know what will happened during the match. We had chances to went on +3,4+5, but they invented some exclusions, crossing and so on, which were visible only to them. I made a conclusion that after 45 years in handball, I don’t know rules of the game because 90% of their decisions wasnt’ clear for me – said Vujovic after the match. ShareTweetShareShareEmail Recommended for you Veselin Vujovic: I would win medal with Slovenia at EURO 2020 Leave a Reply Cancel replyYour email address will not be published.Comment Name Email Website Save my name, email, and website in this browser for the next time I comment. Click to comment
Germany-based attachment specialist Epiroc is adding the CB 4500 to its popular CB Concrete Buster range.The new model is designed for carriers in the 40 to 55 t weight class.#*#*Show Fullscreen*#*# The CB 4500 is suitable where noise is an issue Epiroc says that due to their comparatively light weight CB Concrete Busters are effective choices for use with high reach or long front carriers for applications with highly abrasive material and low level of visibility of the product in operation. They are also suitable where noise is an issue and they can be used in residential areas where hydraulic breakers are not permitted.CB Concrete Busters are equipped with two powerful hydraulic cylinders which deliver virtually continuous closing force for maximum productivity. The hydraulic cylinders are fully protected by piston rod guards. An integrated speed valve gives faster working cycles.Offering cracking forces of up to 190 t depending on the model, they are equipped with two independently moving jaws that eliminate displacement force, thus lowering stress levels. Cutting blades are both replaceable and reversible.A feature on all CB Concrete Busters is 360° endless hydraulic rotation, which allows precise handling and optimal positioning. If the cutter grips the material at an oblique angle a built-in pressure relief valve allows a “self acting movement” that brings the cutter jaw into the ideal position. This valve effectively protects both the carrier and the cutter from potentially damaging reaction forces.The new CB 4500 model offers a crushing force of 130 t at the jaw tip. Jaw opening for the model is 1,400 mm (55 in). The complete CB range now comprises seven models with service weights from 320 to 7,400 kg (705 to 16,314 lb), for carriers weighing from 2 to 85 t.