RTTNews - Canadian stocks could see a flat open on Tuesday morning, following the lead of the U.S. and European markets. Commodity prices also lingered near the flat-line.
Crude oil is up 34 cents to $70.94 per barrel, erasing yesterday's modest losses. Gold has added $2.20 to $9949.10 per ounce and copper is up 2.35 cents to $2.794.
Cardiome Pharma Corp. (COM.TO) reported second quarter net loss of C$1.4 million or C$0.02 per share, compared to a net loss of C$18.1 million or C$0.28 per share last year.
Paladin Labs Inc. (PLB.TO) reported that its second quarter net income was C$27.73 million or C$1.71 per share, compared to C$2.60 million or C$0.17 per share in the year ago quarter.
Cascades Inc. (CAS.TO) reported second quarter net earnings of C$30 million or C$0.30 per share, compared to net loss of C$25 million or C$0.25 per share last year.
Wesdome Gold Mines Ltd (WDO.TO) reported second-quarter net income of C$7.82 million, compared to C$763 thousand in the same quarter of last year.
Iamgold Corp. (IMG.TO) reached a deal with Avnel Gold Mining Limited (AVK.TO) and has the option to acquire up to an initial 51% interest in Avnel's 80% interest in Societe d'Exploitation de Mines d'Or de Kalana in Mali, West Africa.
Crew Energy Inc. (CR.TO) said its second-quarter funds from operations or FFO declined to C$20.03 million or C$0.27 per share from C$34.10 million or C$0.58 per share in the year-ago period.
Rona (RON.TO) reported its second-quarter net earnings and comprehensive income, including unusual items, slid to C$60.80 million from C$76.62 million last year.
The seasonally adjusted annual rate of Canadian housing starts decreased to 132,100 units in July from 137,800 units in June, according to Canada Mortgage and Housing Corporation.
On Monday, the S&P/TSX Composite Index fell 91.66 points or 0.84% to settle at 10,793.67, falling for just the second in seven sessions for the main index. Weakness in the healthcare and gold sectors contributed to the decline.
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