Greg Eckel News
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Canadian stocks were little changed, with the benchmark index capping its second weekly loss this month, as commodity shares slumped while phone companies rallied amid a better-than-expected growth report from the U.S., the nation’s biggest trading partner.
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Canadian banks, bolstered by profits per employee 31 percent higher than U.S. lenders, added more than 2,800 workers in the most recent quarter while Bank of America Corp. and Washington Mutual Inc. shed thousands of jobs.
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Canadian stocks fell for the first time this week, led by financial shares, after Manulife Financial Corp. posted a record loss and an increase in U.S. jobless claims fueled concern the economic recovery is slowing.
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Canadian stocks advanced for a third day, led by producers of base and precious metals and financial companies, after measures of manufacturing growth showed expansion in the U.S., China and Europe.
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The Montreal Canadiens’ 1980s hockey rivalry with the Quebec Nordiques was known as the Battle of Quebec. A new battle may be set to begin after BCE Inc. agreed to buy Astral Media Inc., strengthening its footprint in the French-speaking province as it takes on Quebecor Inc.
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Canadian stocks rose, trimming a monthly decline, as oil and gas climbed after the U.S. reported larger increases in personal income and spending than most economists had forecast.
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Canadian stocks fell for a third day after the U.S. reported an unexpected increase in initial jobless claims and European purchasing managers reported slower growth.
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Research In Motion Ltd., once Canada’s largest company by market value, has fallen below the country’s biggest coffee and doughnut chain after the BlackBerry smartphone maker’s latest share slide.
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Canadian stocks fell, led by energy producers, on concern a slowdown in China’s manufacturing sector will cause global economic growth to falter.
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Canadian stocks climbed for the first time in three days as financial companies and energy producers rallied after U.S. weekly jobless claims fell to the lowest level since July 2008.
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