Canadian stocks close lower on weaker oil
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Canadian stocks close lower on weaker oil
A red day for the TSX as Canadian stocks sink to levels not seen since November 2010. Investors have been rattled by a serious of weaker market reports and fears from the deteriorating situation in Europe.
The biggest drag on the index was Katanga Mining Ltd. (KAT:TSX) with -17.22% move.
Popular 3D Cinema king, Imax Corp (IMX:TSX) was down -4% for the day to C.39.
IMAX Corporation together with its wholly owned subsidiaries, is an entertainment technology companies, specializing in motion picture technologies and presentations. The Company’s principal business is the design and manufacture of digital theater systems (IMAX theater systems) and the sale or lease of IMAX theater systems. The Company is also engaged in the production and distribution of original large-format films, the provision of post-production services for large-format films, the conversion of two-dimensional (2D) and three-dimensional (3D) Hollywood feature films for exhibition on IMAX theater systems worldwide, the operation of four IMAX theaters and the provision of services in support of IMAX theaters and the IMAX theater network worldwide. As of December 31, 2010, the IMAX theater network had 518 theater systems (396 commercial, 122 institutional) operating in 46 countries.
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The biggest gainers for the day included select gold miners:
OceanaGold Corporation 3.80%
San Gold Corp. 3.15%
Goldcorp Inc. 2.59%
West Fraser Timber Co. Ltd. 2.28%
Canaccord Financial Inc. 2.20%
Gold Corp being the heavy weight of the group with a B market cap.
Goldcorp Inc. (Goldcorp) a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United
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