Canada’s main stock index gained more than 200 points on broad-based strength led by base metals, industrials and telecom stocks, while U.S. markets also rose.In New York, the Dow Jones industrial average was up 294.61 points at 36,245.50.The S&P 500 index was up 26.83 points at 4,594.63, while the Nasdaq composite was up 78.81 points at 14,305.03.The January crude oil contract was down US$1.89 at US$74.07 per barrel and the January natural gas contract was up one cent at US$2.81 per mmBTU.
Shine had estimated the industry would spend at least $3.1 billion in the auction of 3800 megahertz spectrum. BMO Capital Markets analyst Tim Casey had forecast spending of $4 billion to $4.5 billion, and some other analysts were even higher. Guilbeault is in Dubai for the annual global climate pact talks taking place over the next two weeks.
The Canadian miner says its Minera Panama SA subsidiary has started the action before the International Court of Arbitration to protect its rights under a concession agreement with the government in Panama agreed to earlier this year. The S&P 500 was down 0.15 per cent, while the Dow Jones industrial average was up 0.09 per cent just after the open.Manufacturing and construction had the largest gains in employment, while the most jobs were shed in wholesale and retail trade as well as finance, insurance, real estate, rental and leasing.conditions weaken, unemployed people last month were more likely to have been laid off compared with a year ago, Statistics Canada said.