(RTTNews) - Canadian stocks will look to rebound on Thursday after posting notable losses in the previous two sessions. Commodities have bounced back after falling sharply yesterday.

Crude oil has added $0.78 to $78.24 per barrel, while gold has gained $5.30 to $1,035.80 and copper is up 2.4 cents to $2.9545.

Barrick Gold (ABX.TO) reported a third-quarter net loss of US$5.4 billion or US$6.07 per share, compared to net income of US$254 million or US$0.29 per share in the same quarter last year.

Teck Resources (TCK.B.TO) on Wednesday reported a 44% surge in profit for the third quarter from last year, helped by foreign exchange translation gains on the company’s net debt and higher coal sales volumes following the company’s purchase of Fording Canadian Coal Trust last year.

MacDonald, Dettwiler and Associates (MDA.TO) reported third-quarter net earnings of C$29 million or C$0.70 per share compared with C$242,000 or C$0.01 per share in the year-ago period.

TransAlta Corp. (TA.TO) reached a deal to sell 18.65 million common shares. The purchase price of C$20.10 per common share would result in gross proceeds of approximately C$375 million.

On the economic front, the Industrial Product Price Index fell 0.5% and the Raw Materials Price Index dropped 1.1% in September compared to August, according to Statistics Canada.

On Wednesday, the S&P/TSX Composite Index dropped 224 points, or 2 percent, to 10,829.20. Energy and ming stocks led the decline as the US dollar continued to rebound versus the euro.

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Posted in Categories: Canada, Eurozone, Releases, Stocks, USA.

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