CANADA STOCKS-TSX slips as Valeant, CN Rail weigh; gold stocks rally [Reuters]
VALEANT PHARMACEUTICALS (VRX)
Last valeant pharmaceuticals earnings: 2/28 07:00 am
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Source: Reuters
CANADA STOCKS-TSX slips as Valeant, CN Rail weigh; gold stocks rally | Reuters Reuters Staff 2 Min Read (Adds details throughout on sectors and stocks; updates prices) * TSX falls 8.9 points, or 0.05 percent, to 16,348.65 * Six of the index’s 10 main groups fall * Valeant declines 7.7 percent * The materials group adds 1.6 percent TORONTO, Jan 24 (Reuters) - Canada’s main stock index edged lower on Wednesday, weighed by declines for Valeant Pharmaceuticals International Inc and Canadian National Railway Co, while gold mining stocks were boosted by higher gold prices. * The largest decliner on the index was Valeant, down 7.7 percent, after Goldman Sachs gave the shares a “sell” rating. * CN Rail fell 1.0 percent to C$99.09 after reporting a lower-than-expected adjusted profit for the fourth quarter, hurt by the heavy expenses its has incurred to grow its business. * At 10:47 a.m. EST (1547 GMT), the Toronto Stock Exchange’s S&P/TSX composite index fell 8.9 points, or 0.05 percent, to 1
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