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14:06 GMT
09
Nov 2009

Toronto Stocks Look To Add To Last Week’s Rally - Canadian Commentary

(RTTNews) - Bay Street stocks could see some early strength on Monday with commodities moving notably higher. U.S. futures are also pointing higher after world financial leaders agreed to stick with current stimulus plans at the latest G20 meeting over the weekend.

Gold continued to extend its record highs, rising $12.30 to $1,108 per ounce. Copper added 3.65 cents to $2.989 per pound and crude oil added $1.08 to $78.51.

On the corporate front, Ensign (ESI.TO) reported its third-quarter net income plummeted to C$16.90 million or C$0.11 per share from C$72.07 million or C$0.47 per share in the previous year. In the second quarter, the company’s net income was C$13.21 million or C$0.09 per share.

Quadra Mining (QUA.TO) reported third quarter earnings of US$14.7 million or US$0.15 per share, compared to US$20.77 million or US$0.31 per share last year.

Angiotech Pharmaceuticals (ANP.TO) reported third quarter net loss of US$7.8 million or US$0.09 per share, compared to net loss of US$622.38 million or US$7.31 per share last year.

CGI Group (GIB.A.TO) reported that its fourth- quarter net earnings from continuing operations were C$82.55 million or C$0.27 per share, compared to C$75.26 million or C$0.24 per share in the same quarter last year.

AutoCanada Income Fund (ACQ_U.TO) reported its third quarter net earnings of C$5.10 million or C$0.256 per share, compared to restated net loss of C$38.32 million or C$1.892 per share in the same period last year.

On Friday, the S&P/TSX Composite Index rose 69.72 points or 0.62% to settle to 11,250.42. The market gained more than 300 points on the week, moving off of a two-month low.

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

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