RTTNews - Toronto stocks struggled to break away from the unchanged line on Thursday as conflicting signals about the health of the global economic left traders unwilling to establish big positions.
The S&P/TSX Composite Index rose 13.68 points to 10,700.51, its second straight nominal gain. Metals stocks provided the most support, while industrials lagged.
Notable advancers included Mercator Minerals (ML.TO) and Brookfield Property (BPO.TO). Bombardier lost 3 more than 3 percent after terminating its firm and conditional order purchase agreement with Jet Republic.
Open Text Corp. (OTEX,OTC.TO: News ) reported GAAP net income of $19.5 million or $0.36 per share for the fourth quarter, compared to $27.3 million or $0.51 per share in the year-ago quarter.
Adjusted net income was $39.2 million or $0.73 per share, up from $33.3 million or $0.63 per share in the previous year quarter.
OTC shares slipped around 1 percent.
Almaden Minerals Ltd. (AMM.TO) fell 1.4 percent after saying that it has signed an option agreement with Fairmont Resources Inc. for Almaden's Nicoamen River Gold Prospect in the Spences Bridge Gold Belt, British Columbia.
Osisko Mining (OSK.TO), which received final authorization from the province of Quebec to build its 6.3-million-ounce Canadian Malartic gold mine, rose 3.4 percent.
Lululemon (LLL.TO) was raised to hold from underweight by analyst Edward Yruma of KeyBanc Capital Markets. Shares rose more than 2 percent.
Statistics Canada said Thursday that Canadian wholesale sales rose for the first time in nine months in June, mainly due to increases in the automotive products and food, beverages and tobacco products sectors. Sales in current dollars rose 0.6% to $40.4 billion
Across the border, US initial jobless claims rose to 576,000 from the previous week's revised figure of 561,000. The increase came as a surprise to economists, who had expected jobless claims to edge down to 550,000 from the 558,000 originally reported for the previous week.
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