|Day's Range||101.88 - 102.46|
|52 Week Range||80.63 - 104.05|
|PE Ratio (TTM)||21.11|
|Dividend & Yield||1.65 (1.63%)|
|1y Target Est||N/A|
The five most influential movers on the index were all banking issues, with Toronto Dominion Bank topping the list, rising 1.1 percent to C$63.22. Home Capital Group Inc, which has been struggling to finance its assets after Canada's biggest securities regulator accused the company of making misleading statements to investors, rose 4.5 percent to C$9.27 after it reported a rise in its savings deposit balances. At 10:26 a.m. ET (1426 GMT), the Toronto Stock Exchange's S&P/TSX composite index rose 144.05 points, or 0.94 percent, to 15,421.25, recouping some of the week's sharp losses.
The Canadian government said on Tuesday it planned to maintain a revenue cap on western grain that Canadian National Railway Co and Canadian Pacific Railway Ltd haul for export, a move farmers praised. The rail firms oppose the cap, formally known as the maximum revenue entitlement (MRE). It dates back to 2000 and aims to balance the market power of the rail industry with that of farmers and grain companies, which in many areas rely on one rail company.
The Canadian government is lifting ownership restrictions for Canadian National Railway Co., the country’s largest railroad company, and major airlines as part of efforts to bolster competition in the country’s transport sector. The changes, unveiled in a law proposed Tuesday, would lift individual share ownership limit for Canadian National to 25 percent from the current 15 percent. Changes to airline rules also opened the door to joint ventures and codified a previously announced hike in the foreign ownership limit of foreign carriers, to 49 percent from 25 percent.