To: Tom Drolet who wrote (2540 ) 12/20/1999 3:59:00 PM From: j. angeles Read Replies (1) | Respond to of 4913
Home - Yahoo! - Help -------------------------------------------------------------------------------- [ Business | US Market | By Industry | IPO | AP | S&P | International | PRNews | BizWire | CCN ] -------------------------------------------------------------------------------- Related Quotes BNI CIC.TO CNR.TO PUMA RIMM 24 13/16 57.50 42.85 84 44 1/2 -3 9/16 +1.50 -1.35 +1 1/8 -3 3/8 delayed 20 mins - disclaimer Monday December 20, 9:40 am Eastern Time Toronto stocks seen mixed at open TORONTO, Dec 20 (Reuters) - Toronto stocks were seen mixed at the open on Monday with profit-taking expected ahead of the U.S. Federal Reserve's rate setting meeting on Tuesday. ``It's hard to say which way it will go with the Fed meeting tomorrow and the TSE (Toronto Stock Exchange) at a high,' said one trader. The U.S. Federal Reserve's rate setting committee is not expected to raise interest rates when it meets on Tuesday, although the market is worried that it might take a tightening bias for future decisions. Toronto's key index could get a boost from Canadian National Railway Co.'s (Toronto:CNR.TO - news) announcement on Monday that it would combine with Burlington Northern Santa Fe Corp. (NYSE:BNI - news) to achieve $500 million to $600 million in higher annual operating income over the merger's first three years. Research In Motion (NasdaqNM:RIMM - news) could continue to tack on gains after extending its agreement with Panasonic for advanced radio modems. The wireless paging firm also said it would provide wireless solutions to Bell Canada's Bell Mobility Inc.'s customers. Encryption technology firm Certicom Corp. (Toronto:CIC.TO - news) could rally after wireless communications software firm Puma Technology (NasdaqNM:PUMA - news) -- the best gainer on Nasdaq with a 2,350 percent gain this year -- said it would license the Toronto-based company's technology. On Friday, the Toronto Stock Exchange's 300 Composite Index closed at a record high, up 51.02 points, or 0.6 percent, to 8098.19 points. Trading value was worth C$4.58 billion as 182 million shares changed hands. The previous record in Canada's biggest market was C$3.7 billion, set on December 14. Nine of the 14 subindexes were up, led by golds and transportation which rose 1.97 percent. Real estate and financial services increased more than 1 percent each. Toronto's blue chip S&P.S 60 index was up 2.42 points to 481.28 points. -------------------------------------------------------------------------------- More Quotes and News: Burlington Northern Santa Fe Corp (NYSE:BNI - news) Canadian National Railway Co (Toronto:CNR.TO - news) Certicom Corp (Toronto:CIC.TO - news) Puma Technology Inc (NasdaqNM:PUMA - news) Research In Motion Ltd (NasdaqNM:RIMM - news) Related News Categories: Canadian Market News, US Market News -------------------------------------------------------------------------------- Help -------------------------------------------------------------------------------- Copyright 1994-1999 Yahoo! All Rights Reserved. Copyright ¸ 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. See our Important Disclaimers and Legal Information. Questions or Comments?