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Aug. 8, 2012, 10:59 a.m. EDT

Canadian stocks inch higher as RIM, BCE rally

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By Sarah Pringle

SAN FRANCISCO (MarketWatch) -- Canadian stocks edged a little higher Wednesday, with the S&P/TSX rising 8 points, or 0.07%, to 11,871. A 1.1% climb in the telecom sector /zigman2/quotes/210598493/delayed XX:TORGC198 +0.55% supported the market, followed by the materials sector /zigman2/quotes/210598474/delayed XX:TORGC195 -4.46% and information technology sector /zigman2/quotes/210598463/delayed XX:TORGC194 +3.74% , each adding about 0.6%. Leading telecom equities, BlackBerry maker Research in Motion advanced 5.2%, while BCE Inc. /zigman2/quotes/208173581/delayed CA:BCE +0.19% , the nation's largest telecom company, rose 3.3% after posting strong second-quarter results and raising its full-year earnings forecast and dividend payout. Class B shares of Air Canada stumbled 7% after it reported it had more than doubled its second-quarter loss, from a year ago. Climbing a little, the Canadian dollar remained near parity against the greenback /zigman2/quotes/210561978/realtime/sampled USDCAD +1.3609% , with one U.S. dollar purchasing C$0.9960 vs. C$0.9969 Tuesday.

/zigman2/quotes/210598493/delayed
XX : Canada: Toronto
192.49
+1.05 +0.55%
Volume: 5.19M
July 5, 2022 3:38p
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/zigman2/quotes/210598474/delayed
XX : Canada: Toronto
291.42
-13.61 -4.46%
Volume: 46.81M
July 5, 2022 3:38p
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/zigman2/quotes/210598463/delayed
XX : Canada: Toronto
132.68
+4.78 +3.74%
Volume: 10.25M
July 5, 2022 3:38p
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/zigman2/quotes/208173581/delayed
CA : Canada: Toronto
$ 63.49
+0.12 +0.19%
Volume: 1.26M
July 5, 2022 3:38p
P/E Ratio
19.59
Dividend Yield
5.80%
Market Cap
$57.78 billion
Rev. per Employee
$473,936
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/zigman2/quotes/210561978/realtime/sampled
US : Tullett Prebon
1.3035
+0.0175 +1.3609%
Volume: 0.0000
July 5, 2022 3:53p
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