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14:24 GMT
05
Nov 2009

Toronto Stocks Look For Third Straight Daily Gain

(RTTNews) - Bay Street stocks will look to build on back-to-back daily gains on Thursday morning as traders considered the latest from earnings season. U.S. futures are slightly higher on an encouraging jobs and productivity reports.

Crude oil prices are down 5 cents to $80.35 per barrel after seeing strong inventory-backed gains yesterday. Copper dropped 2.9 cents to $4.696 per pound, while gold added $4.70 to $1,092.00.

Sun Life Financial (SLF.TO) reported a third-quarter net loss attributable to common shareholders of C$140 million, compared to a net loss of C$396 million in the third quarter of 2008. The loss per share was C$0.25 compared to a loss per share of C$0.71 in the third quarter of 2008.

Goldcorp (G.TO) reported third quarter net income for the third quarter was US$114.2 million or US$0.16 per share, down from US$297.2 million or US$0.42 per share for the year-ago quarter.

Royal Gold (RGL.TO) reported that its first-quarter net income increased to $7.126 million from $5.749 million last year. Earnings per share were $0.17, flat with prior year.

Canadian Natural Resources (CNQ.TO) reported third-quarter net earnings were C$658 million or C$1.21 per share, much lower than prior year’s C$2.84 billion or C$5.25 per share.

Agrium (AGU.TO) announced that it is increasing its exchange offer to acquire CF Industries Holdings (CF) to $92.99 per CF share.

Statistics Canada reported building permits increased 1.6% to $5.1 billion in September, beating expectations for an 1.3% rise but slower than the 7.38% jump seen in August.

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

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