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Feb. 8, 2012, 5:24 p.m. EST

Canada stocks rise on Greek debt talks progress

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By Myra P. Saefong, MarketWatch , Warangkana Chomchuen

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In metals and mining, shares of Teck Resources Ltd.   lost 2%.

Shares of Goldcorp Inc. /zigman2/quotes/225792379/delayed CA:G 0.00%   dropped 1.3% after Canadian regulators alleged Goldcorp’s chairman, Ian Telfer, was involved in an illegal insider-trading scheme. Read more on Goldcorp.

The Ontario Securities Commission said Telfer didn’t participate directly in the alleged scheme, which the agency said spanned from April 2007 to February 2008.

But the OSC said Telfer helped facilitate activity related to the scheme involving an executive assistant at a Toronto-based investment bank.

Telfer said in a statement that he “categorically denied” the OSC allegations.

TMX Group /zigman2/quotes/208003915/delayed CA:X +1.38% , which operates the Toronto Stock Exchange, ended down 0.4% after its quarterly profit fell 21%.

Bond issue

The Canadian government issued a $3 billion global bond Tuesday to supplement and diversify the country’s foreign exchange reserves, said the finance department.

The five-year bond is the third foreign currency bond Canada issued since 2009.

“This bond transaction achieved all of the Government’s objectives, including providing cost-effective and diversified funding for the foreign reserves held in the Exchange Fund Account,” the statement said.

“The investor base for the bond issuance includes a wide range of central banks, other official institutions and foreign-based investment funds across a diverse geographical area.”

/zigman2/quotes/225792379/delayed
CA : Canada: Toronto
$ 1.44
0.00 0.00%
Volume: 4,875
Sept. 28, 2022 3:39p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$114.05 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/208003915/delayed
CA : Canada: Toronto
$ 126.72
+1.72 +1.38%
Volume: 124,837
Sept. 28, 2022 4:00p
P/E Ratio
13.60
Dividend Yield
2.62%
Market Cap
$6.95 billion
Rev. per Employee
$776,650
loading...

Myra Saefong is a MarketWatch reporter based in San Francisco.

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