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Investor Alert

Aug. 9, 2012, 10:36 a.m. EDT

Canada stocks rise, Bombardier slips on earnings

SAN FRANCISCO (MarketWatch) -- Canadian stocks gained a little momentum Thursday, with the S&P/TSX composite index adding 37 points, or 0.3%, to 11,818. A 0.6% climb in the information technology sector (TORONTO:XX:TORGC194) and 0.5% rise among metals and mining stocks supported the market. Leading tech stocks, shares of Davis+Henderson Corp. , provider of financial technologies, added 2.5%. Class B shares of Bombardier Inc. (TSE:CA:BBD.B) stumbled 3.7% after the plane manufacturer posted a 14% lower second-quarter profit. On the upside, Canadian Tire Corp. (TSE:CA:CTC.A) tacked on 4.6% after reporting its second-quarter earnings rose to C$1.63 a share, from C$1.29 a year ago. In currency trading, the Canadian dollar continued to rise against its U.S. counterpart (XTUP:USDCAD) , with one U.S. dollar puchasing C$0.9916 vs. C$0.9943 Wednesday.

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