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Stock impact report

North American markets end the week lower on mixed Q2 earnings [Business News Network (BNN) Energy & Resources (Canada)]

Manulife Financial Corporation (MFC) 
Last manulife financial corporation earnings: 2/12 05:00 pm Check Earnings Report
US:NYSE Investor Relations: manulife.com/investor-relations
North American markets end the week lower on mixed Q2 earnings TORONTO -- North American stock markets ended the week lower on mixed second-quarter corporate results and waning expectations of aggressive interest rates cuts later this month. "I think everybody's just focused on the earnings season and trying to assess all the Fed commentary in the last few weeks," said Patrick Blais, senior portfolio manager at Manulife Asset Management. The S&P/TSX composite index closed down 8.29 points to 16,485.94, just 2.18 points lower for the week. Eight of the 11 major sectors the index decreased, led by industrials and telecommunications, with BRP Inc. shares falling 4.8 per cent and both national railways dipping. The influential energy and materials sectors rose on the day, with Encana Corp. and First Quantum Minerals Ltd. both gaining strongly, as the price of crude oil increased due to some geopolitical issues in the Middle East and miner's shares gained despite a lower gold price. The Se Show less Read more
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