Toronto Index Ekes Out a Small Gain
After a choppy day the TSE 300 closed at 7967.3, up a meager 7 points on the day and down 132 points (1.6%) on the week. Negative bias in key stock Nortel was an inhibiting factor offset, partly, by the strong close in the US indices. 7 subindices closed up lead by Industrials and Financials while the Pipelines lead the other 7 subindiec lower. Risk is for continued weakness next week.
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