Spread Betting on Canadian Stocks

166749 Resource 133529 120646 120646 1177076038481 1177076038481 Controlled Canadian Stocks

Candian stocks poised for big moves

Thanks to a rally on the commodities market, Canadian stocks may recover from some of their losses yesterday. However, spread bets and CFDs should be cautious concerning Canadian stocks. <a href="http://www.bloomberg.com/apps/news?pid=20601084&sid=agaWBk9HASwM&refer=stocks" target="_blank" title="spread betting, spread bets, CFDs, Canadian stocks, spread betting Canadian stocks, commodities market" style="font-family: verdana,arial,helvetica,sans-serif;">Bloomberg offers some insight for spread betting on Canadian stocks with today's likely movers</a>: <div style="margin-left: 40px; font-family: verdana,arial,helvetica,sans-serif;"> Bombardier Inc. (BBD/B CN): The world's third-largest airplane maker will open a customer support office in Japan, the first outside Canada, after one of its planes was involved in an accident in the Asian country, Todd Young, Bombardier's vice president of customer support and engineering, said at a press conference in Tokyo today. Coverage of Bombardier was initiated at ``sector outperformer'' by CIBC World Markets. The shares were unchanged at C$4.51. Corel Corp. (CRE CN): The maker of WordPerfect and CorelDraw software forecast second-quarter profit excluding some items in the range of 28 to 35 Canadian cents a share. Four analysts polled by Bloomberg estimated 36 cents a share on average. The shares fell 5 cents, or 0.3 percent, to C$15.05. EnCana Corp. (ECA CN): Canada's biggest natural-gas producer was cut to ``hold'` from ``buy'` at A.G. Edwards. The shares dropped C$1.58, or 2.6 percent, to C$60.10. Groupe Laperrière & Verreault Inc. (GLV/A CN): The maker of industrial equipment sold its Process Division, a mineral sorting business, to Denmark's FLSmidth A/S, for 4.8 billion kroner ($876 million). GL&V, based in Trois-Rivieres, Canada, will get C$33 a share under the terms of the deal, Valby, Denmark-based FLSmidth said in a statement today. The unit has annual sales of about C$523 million ($463 million). GL&V shares gained 20 cents, or 0.7 percent, to C$29.50. Moly Mines Ltd. (MOL CN): Sprott Asset Management Inc., a Toronto-based money manager overseeing C$4.5 billion ($4 billion), bought an initial 6.2 percent stake in molybdenum explorer Moly Mines to take advantage of soaring prices for the metal. Sprott, which is raising C$200 million ($177 million) for a molybdenum investment fund, has bought 3.7 million shares in Moly Mines, the Canadian company said in a filing to the Australian Stock Exchange today. Moly mines shares fell 38 cents, or 8.5 percent, to C$4.07. </div> 9 application/xml false Canadian stocks CFDs commodities market spread bets spread betting spread betting Canadian stocks Spread Betting on Canadian Stocks Spread bets and CFDs on the stock market http://www.gftuk.com/land/index.asp?aid=53 Mozilla/5.0 (Macintosh; U; PPC Mac OS X Mach-O; en-US; rv:1.8.0.11) Gecko/20070312 Firefox/1.5.0.11 127.0.0.1 127.0.0.1 mmarquit false true false false true 133529 blog blogsite/GFTUK/web