Twitter: The S P/TSX composite index declined 86.21 points to 13,294.2, dragged lower by mining and energy stocks, according to The Star. U.S. indexes failed to find lift from the GDP data and The Toronto stock market closed lower Thursday as traders waded through a flood of Canadian earnings news and watched Twitter stock skyrocket as the years most anticipated IPO got underway. Twitter stock started trading late-morning Thursday and quickly soared about 90 per cent to $50.09 from the initial public offering price of $26 U.S. , which had been set Wednesday night. The stock later closed at $44.90. The Canadian dollar was down 0.4 of a cent to 95.59 cents U.S. as the greenback strengthened in the wake of a surprise decision by the European Central Bank to cuts its key rate to 0.25 per cent from 0.5 per cent. Other data showed that U.S. gross domestic product rose at an annualized rate of 2.8 per cent in the quarter, against the two per cent rise that economists had expected.
(www.immigrantscanada.com). As
reported in the news.
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8.11.13