RTTNews - Canadian stocks could fall for a third straight session on Wednesday after a disappointing jobs report from the U.S. European stocks are also notably lower and U.S. futures are pointed down.
MDS Inc. (MDS.TO) said Wednesday that it will sell its MDS Analytical Technologies business to Danaher Corp. (DHR) for $650 million in cash. In addition, MDS said it now expects to report second-quarter net revenues of about $208 million versus previously reported net revenues of $257 million.
Superior Plus Corp. (SPB.TO) said it agreed to acquire certain assets which make up a retail heating oil and propane distribution business from Sunoco for an aggregate purchase price of about US$82.5 million in cash plus working capital.
Bombardier (BBD.B.TO) reported second-quarter net income of US$202 million, compared to restated earnings of US$259 million last year. Earnings per share declined to US$0.11 from restated earnings of US$0.14 a year ago.
Rogers Communications (RCI.A.TO) announced that it has agreed to purchase for cancellation 1.8 million of its outstanding Class B Non-Voting shares, or about 0.36% of the Class B shares outstanding on August 31.
Crude oil rose 13 cents to $68.18 per barrel and gold gained $8.50 to $965.00 per ounce. On the downside, copper fell 5.15 cents to $1.8272.
Across the border, Automatic Data Processing said that non-farm private employment fell by 298,000 jobs in August following a revised decrease of 360,000 jobs in July. Economists had expected a decrease of about 246,000 jobs compared to the loss of 371,000 jobs originally reported for the previous month.
On Tuesday, the S&P/TSX Composite Index fell 178.43 points or 1.64% to settle at 10,689.78. The market fell about 1% on Monday.
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