Today in the markets
U.S. stocks pulled back Wednesday as some investors anticipated an overdue correction to a market that has run up to multi-year highs in recent weeks.
Canadian stocks eased slightly, led by a decline in Barrick Gold, following the release of disappointing earnings from its African subsidiary.
The S&P/TSX Composite was down 13.74 points to 12,775.28, while the TSX Venture Exchange gained 5.29 points to close at 1,204.23.
Active stock included Thomson Reuters Corp. (TSX: T.TRI, Stock Forum), which fell 2.3% to $30.01. Thomson Reuters posted $497 million U.S. of adjusted earnings, or 60 cents per share in the latest quarter, compared with $445 million U.S. or 54 cents per share in the fourth quarter of 2011.
In Canada, Talisman Energy Inc. (TSX: T.TLM, Stock Forum) recorded $367 million U.S. or 37 cents per share in quarterly net income, beating forecasts of 16 cents a share. But the gain was mainly due to disposal of some assets and the company continued to feel the effects of low natural gas prices. The stock rose 2% to $12.81.
Barrick Gold Corp. (TSX: T.ABX, Stock Forum) (NYSE: ABX, Stock Forum) eased 2.5% to $31.72 on disappointing results from an African subsidiary.
For news about small stocks that made big moves in Wednesday’s trading please read the
Stockhouse Canadian Small and Micro-cap Stock Report