Fourth Quarter

fourth quarter: Magna shares TSX:MG traded as high as $104.48, up six per cent from Friday's close of $98.57. The shares were up $5.34 at $103.91 in afternoon trading on the Toronto Stock Exchange, according to CTV. The Aurora, Ont.-based company, which reports in U.S. dollars, earned US$458 million in its fourth quarter as sales jumped 14 per cent from a year earlier to US$9.174 billion and Ont. -- Magna International Inc. jumped higher Monday after the Canadian auto parts giant announced a dividend increase and better financial results than analysts were expecting. The stock has been trending upward since March 2009, when the auto industry was in the midst of its worst downturn in decades, and is up from $57.02 a year ago. (www.immigrantscanada.com). As reported in the news.