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March 2, 2011, 5:06 p.m. EST

Bombardier shares lead Canada market’s rise

Large order from Warren Buffett’s NetJets boosts Bombardier stock

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By Wallace Witkowski, MarketWatch

SAN FRANCISCO (MarketWatch) — The Canadian market finished up Wednesday as energy stocks and industrial stocks, led by Bombardier Inc., offset declines in the health-care and consumer-discretionary sectors.

The S&P/TSX Composite Index  rose 21 points, or 0.2%, to close at 14,144.

Click to Play

Stocks struggle against oil

U.S. equities are trying to mount a comeback after yesterday's selloff, but still-rising oil prices are capping the rebound.

The S&P/TSX Capped Industrials Index  added 0.8%, paced by shares of Bombardier /zigman2/quotes/208994866/delayed CA:BBD.B -10.71% , the most actively traded issue on the Toronto exchange. Shares of the aircraft maker closed up 7.5% after the company said it received an order from NetJets Inc., owned by Warren Buffett’s Berkshire Hathaway Inc., that could be worth up to $6.7 billion.

Energy stocks also provided lift to the Toronto exchange with the S&P/TSX Capped Energy Index  ending the day up 0.9%. Shares of Suncor Energy Inc. /zigman2/quotes/204570600/delayed CA:SU -0.69%  rose 0.8%, Imperial Oil Ltd. /zigman2/quotes/203145852/delayed CA:IMO -1.83%  shares finished up 2%, Cenovus Energy Inc. /zigman2/quotes/207955267/delayed CA:CVE -2.29%  shares advanced 2.4%, and Canadian Natural Resources Ltd. /zigman2/quotes/203742161/delayed CA:CNQ -1.58% rose 1.6%.

Crude oil for April delivery  advanced $2.60, or 2.6%, to settle at $102.23 a barrel on the New York Mercantile Exchange.

On the opposite end of the spectrum, the S&P/TSX Capped Health Care Index  declined 1.3%, with shares of SXC Health Solutions Corp.  down 1% and CML Healthcare Inc.  shares down 1.8%.

The S&P/TSX Capped Consumer Discretionary Index  fell 0.5%, with shares of Cineplex Inc. /zigman2/quotes/201832697/delayed CA:CGX +0.06%  down 2.2% and Magna International Inc. /zigman2/quotes/204160084/delayed CA:MG -2.01%  shares declining 1.8%.

The Canadian dollar rose against its U.S. counterpart /zigman2/quotes/210561978/realtime/sampled USDCAD -0.2791% , with the greenback buying 97.22 Canadian cents, compared with 97.43 late Tuesday.

/zigman2/quotes/208994866/delayed
CA : Canada: Toronto
$ 1.25
-0.15 -10.71%
Volume: 22.64M
Feb. 21, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$3.41 billion
Rev. per Employee
$328,765
loading...
/zigman2/quotes/204570600/delayed
CA : Canada: Toronto
$ 40.18
-0.28 -0.69%
Volume: 6.04M
Feb. 21, 2020 4:17p
P/E Ratio
22.19
Dividend Yield
4.63%
Market Cap
$61.89 billion
Rev. per Employee
$3.09M
loading...
/zigman2/quotes/203145852/delayed
CA : Canada: Toronto
$ 31.57
-0.59 -1.83%
Volume: 636,644
Feb. 21, 2020 4:16p
P/E Ratio
11.01
Dividend Yield
2.79%
Market Cap
$23.92 billion
Rev. per Employee
$5.84M
loading...
/zigman2/quotes/207955267/delayed
CA : Canada: Toronto
$ 11.95
-0.28 -2.29%
Volume: 7.71M
Feb. 21, 2020 4:00p
P/E Ratio
6.70
Dividend Yield
2.09%
Market Cap
$15.03 billion
Rev. per Employee
$9.21M
loading...
/zigman2/quotes/203742161/delayed
CA : Canada: Toronto
$ 39.81
-0.64 -1.58%
Volume: 3.12M
Feb. 21, 2020 4:00p
P/E Ratio
11.75
Dividend Yield
3.77%
Market Cap
$47.86 billion
Rev. per Employee
$2.11M
loading...
/zigman2/quotes/201832697/delayed
CA : Canada: Toronto
$ 33.83
+0.02 +0.06%
Volume: 637,860
Feb. 21, 2020 4:00p
P/E Ratio
74.11
Dividend Yield
5.32%
Market Cap
$2.14 billion
Rev. per Employee
$124,217
loading...
/zigman2/quotes/204160084/delayed
CA : Canada: Toronto
$ 68.23
-1.40 -2.01%
Volume: 1.22M
Feb. 21, 2020 4:00p
P/E Ratio
9.46
Dividend Yield
2.84%
Market Cap
$21.28 billion
Rev. per Employee
$304,170
loading...
/zigman2/quotes/210561978/realtime/sampled
US : Tullett Prebon
1.3222
-0.0037 -0.2791%
Volume: 0.0000
Feb. 21, 2020 4:59p
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Wallace Witkowski is a MarketWatch news editor in San Francisco.

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