Canada stocks fall; Bombardier up on CSR deal

SAN FRANCISCO (MarketWatch) -- Toronto's benchmark equities index slipped 42 points, or 0.4%, to 11,871 Thursday, tracking U.S. markets following a weak Institute for Supply Management report. A 1% loss in the materials sector /zigman2/quotes/210598474/delayed XX:TORGC195 -1.33% and 0.46% decline in metals and mining stocks pressured the market. Most gold miners struggled, with shares of Kinross Gold Corp. /zigman2/quotes/200423011/delayed CA:K -2.36% slipping 3.7% and Novagold Resources /zigman2/quotes/202931372/delayed CA:NG -1.66% falling 3.8%. In corporate news, plane and train manufacturer Bombardier /zigman2/quotes/208994866/delayed CA:BBD.B +2.15% announced Thursday a technology licence agreement with CSR Puzhen, a subsidiary of China South Locomotive & Rolling Stock Corporation Ltd. Bombardier's stock added as much as 1.7% following the news. The greenback rose against its Canadian counterpart /zigman2/quotes/210561978/realtime/sampled USDCAD +0.2511% , with one U.S. dollar buying C$1.0147 vs. C$1.0133 Wednesday.

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Canada stocks down on central bank action

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S&P/TSX Capped Materials Index

XX : Canada: Toronto

308.41

-4.16 -1.33%

Volume: 23.68M

Jan. 28, 2022 12:19p

/zigman2/quotes/200423011/delayed

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Kinross Gold Corp.

CA : Canada: Toronto

$ 6.62

-0.16 -2.36%

Volume: 2.45M

Jan. 28, 2022 12:19p

P/E Ratio

6.44

Dividend Yield

2.33%

Market Cap

$8.50 billion

Rev. per Employee

N/A

/zigman2/quotes/202931372/delayed

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NovaGold Resources Inc.

CA : Canada: Toronto

$ 7.70

-0.13 -1.66%

Volume: 60,670

Jan. 28, 2022 12:19p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$2.61 billion

Rev. per Employee

N/A

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Bombardier Inc. Cl B SV

CA : Canada: Toronto

$ 1.67

+0.04 +2.15%

Volume: 1.91M

Jan. 28, 2022 12:19p

P/E Ratio

0.75

Dividend Yield

N/A

Market Cap

$3.92 billion

Rev. per Employee

$171,620

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Canadian Dollar

US : Tullett Prebon

1.2774

+0.0032 +0.2511%

Volume: 0.0000

Jan. 28, 2022 12:34p