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In absence of mandated paid sick days, some companies are stepping up
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Inside the Market’s roundup of some of today’s key analyst actions
Seeing the benefits of “lumber’s unrelenting climb,”
CanWel Building Materials Group Ltd.’s (CWX-T) preliminary first-quarter financial results were “remarkably strong,” according to Canccord Genuity analyst Yuri Lynk.
After hiking his projections for the Vancouver-based company, he raised his rating for its shares to “buy” from “hold.”
By Reuters Staff
(Updates prices, adds sectors)
April 20 (Reuters) - Canada’s main stock index slipped on Tuesday, pressured by industrial shares as Canadian National tumbled after it offered to buy railroad operator Kansas City Southern for $30 billion. Canadian National’s shares dropped 7.5% and was the worst performer on the main index after the company trumped a rival bid by Canadian Pacific to buy Kansas City Southern. That led to the industrial sector posting a decline of 2%. At 9:44 a.m. ET (13:44 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 117.6 points, or 0.61%, at 19,086.82. The energy sector dropped 2% even as U.S. crude prices were up 0.3% a barrel and Brent crude added 0.5%.