CANADA STOCKS-TSX ticks higher on trade hopes; BlackBerry falls on weak results [Reuters]
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Source: Reuters
CANADA STOCKS-TSX ticks higher on trade hopes; BlackBerry falls on weak results - Reuters 3 Min Read (Updates) Sept 24 (Reuters) - Canada’s main stock index edged higher on Tuesday on hopes of resumption in the U.S.-China trade talks, although a plunge in BlackBerry’s shares on weak results and a slide in oil prices capped gains. * BlackBerry’s shares fell 17%, on track for their biggest percentage drop since early 2015, after the company cut the top end of its revenue forecast for the current year, hit by weak demand for its software amid increasing competition. * The energy index dropped 0.9% as oil prices fell on gloomy outlook for demand and the prospect of Saudi Arabia restoring oil output faster than anticipated following attacks last week. * However, the broader Toronto Stock Exchange’s S&P/TSX composite index was up 48.13 points, or 0.29%, at 16,915.33 by 10:00 a.m. ET as stocks globally benefited from a risk-on mood after Washington confirmed that trade negotiations with Chin
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