Stocks Cling to Gains Midday
Canada''s main stock index rose slightly on Thursday, driven by a clutch of positive earnings reports from companies including Bombardier and Tim Hortons-owner Restaurant Brands International. The TSX eked up 11.23 points in Thursday’s first hour at 19,557.17. The Canadian dollar fell 0.12 cents to 77.67 cents U.S. Bombardier posted a smaller second-quarter loss, helped by steady demand and lower interest expenses, while Thomson Reuters reported higher operating profit and raised its full-year revenue forecast. Bombardier moved into noon hour up $1.24, or 5.3%, to $24.67. Restaurant Brands International climbed $4.53, or 6.4% to $75.11, as the company beat second-quarter sales and profit estimates, boosted by strong demand at its Burger King and Tim Hortons restaurants. Sun Life Financial gained $1.64, or 2.8% to $60.78, on a better-than-expected core profit for the second quarter and sale of its U.K. unit. Thomson Reuters advanced $4.40, or 3.1%, to $147.19, after it reported a higher operating profit and raised its full-year revenue forecast.
Stocks Cling to Gains Midday
Canada''s main stock index rose slightly on Thursday, driven by a clutch of positive earnings reports from companies including Bombardier and Tim Hortons-owner Restaurant Brands International. The TSX eked up 11.23 points in Thursday’s first hour at 19,557.17. The Canadian dollar fell 0.12 cents to 77.67 cents U.S. Bombardier posted a smaller second-quarter loss, helped by steady demand and lower interest expenses, while Thomson Reuters reported higher operating profit and raised its full-year revenue forecast. Bombardier moved into noon hour up $1.24, or 5.3%, to $24.67. Restaurant Brands International climbed $4.53, or 6.4% to $75.11, as the company beat second-quarter sales and profit estimates, boosted by strong demand at its Burger King and Tim Hortons restaurants. Sun Life Financial gained $1.64, or 2.8% to $60.78, on a better-than-expected core profit for the second quarter and sale of its U.K. unit. Thomson Reuters advanced $4.40, or 3.1%, to $147.19, after it reported a higher operating profit and raised its full-year revenue forecast.