RTTNews - Toronto stocks could see early weakness on Monday as traders collect profits on last week's gains. Markets in the U.S. and Europe are also seeing weakness.
Crude oil has dropped 59 cents to $70.34 per barrel in electronic trading. Gold is down $12.40 to $947.10, but copper is up nearly 2 cents to $2.805.
Northgate Minerals Corp. (NGX.TO) reported second quarter net earnings of US$5.4 million or US$0.02 per share, compared to US$1.85 million or US$0.01 per share last year.
Ensign Energy Services Inc. (ESI.TO) reported second quarter net income of C$13.21 million or C$0.09 per share, compared to C$32.26 million or C$0.21 per share last year.
Day4 Energy Inc. (DFE.TO) reported second quarter net loss of C$14.1 million or C$0.38 per share, compared to net loss of C$2.5 million or C$0.07 per share last year.
Sino-Forest Corp. (TRE.TO) reported second quarter net income of US$45.05 million, compared to US$43.4 million last year. Earnings per share were US$0.23, down from US$0.24 in the same quarter last year.
Cameco Corp. (CCO.TO) is making preparations to sell its 49% stake in Centerra Gold (CG.TO) in a public stock sale the company hopes will raise more than C$600 million, according to the Globe and Mail.
On Friday, the S&P/TSX Composite Index gained 91.96 points or 0.85% to finish at 10,885.33. The gain was the fifth in six sessions for the main index, which rose more than 175 points last week.
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