Welcome back to Stockhouse
Member Sign In

Email or Username:

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Enter your email address:
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

Get our Best Content in Your Email

You are already a member! Please enter your password to sign in.

TSX edges up on strong earnings reports from Canadian companies

Canadian Press, The Canadian Press
1 Comment| August 7, 2014

TORONTO _ The Toronto stock market was higher amid strong earnings reports from Canadian companies.

The S&P/TSX composite index gained 30.38 points to 15,.

The Canadian dollar was off 0.07 of a cent to 91.56 cents US.

U.S. indexes were also positive as the Dow Jones industrials rose 54.3 points to 16,497.64, the Nasdaq gained 14.14 points to 4,369.19 and the S&P 500 index was ahead seven points to 1,927.24.

In the background are ongoing tensions over the crisis in Ukraine and fresh Russian sanctions on the West. Trading has been lacklustre over the last several sessions as traders worry about Russia getting more involved in the Ukraine government's fight against pro-Russian rebels.

Of particular interest was Manulife Financial _ the insurer announced it is starting to restore the big dividend cut it made in 2009 in the wake of the financial collapse. At that time, it cut its dividend in half. It is now raising its quarterly dividend 2.5 cents to 15.5 cents per share. Manulife also said that second-quarter net income more than tripled to $943 million, or 49 cents per share. However, core earnings, which exclude extraordinary items, missed forecasts but the shares gained 18 cents to $22.15.

Tags: ETF

Rate this article
0 stars




QRM - Quest Rare Minerals Just Completed $3M PP @ $0.27. Technical Bounce approaching. Last $0.23 REMX Rare Earths ETF Showing Money Moving Back into rare Earths.
0.5 stars
August 7, 2014
Rate this comment
0 stars



Leave a Message

You must be logged in to access this feature.