RTTNews - Toronto stocks are basically flat in mid-morning trading on Wednesday as strength in the healthcare and gold sectors has offset a drop for financials.
The S&P/TSX Composite Index has added 3.8 points or 0.3% to move at 10,693.54 points. The market posted notable losses in each of the last two sessions.
Gold stocks have rallied 5.3% and materials stocks added 3.8% as the precious metal is up nearly $10 an ounce on the Comex. Eldorado (ELD.TO) has surged 6.1%, Agnico-Eagle Mines (AEM.TO) has gained 6.3% and Goldcorp (G.TO) is up 5.5%.
Healthcare stocks have surged 4.2%. MDS Inc. (MDS.TO) has soared 23% after the company announced it will sell its MDS Analytical Technologies business to Danaher Corp. (DHR) for $650 million in cash.
Financials are down 1.5%, extending a recent slide. Scotiabank (BNS.TO) has lost 1.6%, Toronto-Dominion (TD.TO) has slipped 1.4% and CIBC (CM.TO) is down 1.3%.
Bombardier (BBD-B.TO) has added 5.75% after the aerospace and rail transportation solutions provider posted second-quarter net income attributable to shareholders of US$198 million or US$0.11 per share, compared to US$251 million or US$0.14 per share in the year-ago quarter.
MacDonald, Dettwiler and Associates Ltd. (MDA.TO) announced that a confidential customer has awarded a contract to MDA for a long endurance unmanned aerial or UAV surveillance solution to support its deployed forces. The stock slipped 0.3%.
Superior Plus Corp. (SPB.TO) has dropped 4.1% after the company said it has agreed to acquire certain assets from Sunoco for an aggregate purchase price of about US$82.5 million in cash plus working capital.
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