RTTNews - Toronto stocks may see little-change at the open as commodity prices are close to the unchanged mark and U.S. futures are showing minimal direction. Investors will also mull over Canadian gross domestic product data that came in in-line with analysts' expectations.
Statistics Canada reported GDP declined 0.1% in the month of April from the previous month, after falling 0.3% in March. GDP also dropped 0.1% in February.
Crude oil prices are up 29 cents to $71.79 per barrel in electronic trading. Meanwhile, gold is flat at $940.60 and copper is up 1.65 cents to $2.3425.
In corporate news, JLL Partners announced it has made an offer to acquire Patheon (PTI.TO) at a price of US$2.00 cash per share.
Financial security company Genworth Financial (GNW) announced Monday night that it has priced the initial public offering or IPO in Canada of 44.7 million common shares of its Canadian mortgage insurance subsidiary, Genworth MI Canada, at C$19.00 per share. The shares will trade on the TSX under the symbol MIC.TO.
Bombardier Aerospace (BBS-A.TO) said that Porter Airlines of Toronto has placed a firm order for two Q400 NextGen turboprop airliners. Based on the list price for the Q400 aircraft, the order is valued at about US$54 million.
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