Today in the markets
U.S. stocks advanced Thursday after House Speaker John Boehner told reporters that the House would take a short-term extension of the government’s borrowing authority.
Canadian stocks also rose on news of a possible deal to end the U.S. budget deadlock. Investors were also assessing news that Blackberry’s co-founders are looking to make a takeover bid.
The S&P/TSX Composite was up 164.08 points to 12,894.41, while the TSX Venture Exchange rose 2.48 points to close at 935.52.
Active stocks included Citrix Systems Inc. (NASDAQ: CTXS, Stock Forum) The shares were down 12% to $58.75 after the cloud-computing software maker estimated quarterly results below analysts’ expectations because businesses had delayed contracts.
In Canada, BlackBerry Ltd. (TSX: T.BB, Stock Forum) was up 0.59% to $8.49 on reports that co-founder Mike Lazaridis is looking at making a potential takeover bid for the smartphone maker, together with Douglas Fregin, who helped launch the company.
The unsolicited takeover offer by Denison Mines Inc. (TSX: T.DML, Stock Forum) of Rockgate Capital Corp. (TSX: T.RGT, Stock Forum) appears to have hit a road block as Denison accused T.RGT management of improperly granting stock options to acquire 11 million common shares to directors and senior officers, almost 10% of Rockgates’s outstanding shares.
Denison advanced 0.96% to $1.05. Rockgate fell 2.6% to 18.5 cents.
For news about small stocks that made big moves in Thursday’s trading, please read the
Stockhouse Canadian Small and Micro-cap Stock Report