TORONTO Amara Darboh Seahawks Jersey , May 28 (Xinhua) -- Canada's stock market in Toronto Thursday closed flat as mixed quarterly profit reports of Canada's biggest banks weighed on the trading sentiment.
Toronto Stock Exchange's benchmark S&PTSX Composite Index was down 3.47 points, or 0.02 percent to 15,107.00 points, with most of the influential sectors little changed.
The market waned modestly in early trade when three of the country's biggest banks posted mixed earnings performances on Thursday.
The financial sector slipped 0.12 percent on the closing bell, when Royal Bank of Canada added 0.14 percent to 80.05 Canadian dollars (about 64.38 U.S. dollars) after the country's biggest lender reported that its net income for the second quarter ended April 30 was 2.5 billion Canadian dollars, or 1.68 Canadian dollars a share Nazair Jones Seahawks Jersey , compared with 2.2 billion Canadian dollars, or 1. 47 Canadian dollars a share, a year ago.
Canadian Imperial Bank of Commerce was also higher 0.64 percent after reporting more-than-tripled quarterly profit, with the net income attributable to common shareholders up to 895 million Canadian dollars, or 2.25 Canadian dollars per share, in the second quarter ended April 30.
By contrast Delano Hill Seahawks Jersey , Toronto Dominion Bank tumbled 1.09 percent to 55. 37 Canadian dollars after it the second biggest bank said that its net income was 1.86 billion Canadian dollars, or 0.97 Canadian dollar a share, for the second quarter ended April 30, compared with 1.99 billion Canadian dollars, or 1.04 Canadian dollars a share, a year ago.
Besides Shaquill Griffin Seahawks Jersey , a slate of economic data released by Statistics Canada Thursday showed that Canadian corporations earned 75.4 billion Canadian dollars in operating profits in the first quarter, down 6. 0 percent from the previous quarter, and in the financial sector, operating profits fell 0.2 percent to 19.7 billion Canadian dollars, among which insurance carriers' profits fell by 933 million Canadian dollars in the first quarter.
"Profits are likely to be weak in the second quarter as well as the knock-on effects of lower energy sector profits hit other industries. Weakness in corporate profits is expected to weigh on business investment through much of 2015," Leslie Preston Ethan Pocic Seahawks Jersey , an economist from TD Bank, said in a report Thursday.
The federal agency also reported that the Industrial Product Price Index declined 0.9 percent in April, mainly because of lower prices for energy and petroleum products.
In response, the industrial sector dropped 1.51 percent, leading the decline when the railway giants lost ground. Canadian Pacific Railway Ltd. dived 4.12 percent to 208.80 Canadian dollars and Canadian National Railway Company also shrank 1.71 percent to 73.95 Canadian dollars per share.
Resources sectors were also in the negative territory with energy down 0.06 percent and metals and mining lower 0.45 percent.
Other gainers included telecom and utilities, up 0.19 percent and 0.75 percent Malik McDowell Seahawks Jersey , respectively.
On the currency front, the Canadian dollar Thursday moved higher to 0.8042 U.S. dollar, compared with 0.8026 U.S. dollar on Wednesday.
Japanese Prime Minister Shinzo Abe (right) looks on as lawmakers raise their hands shouting "banzai!" (Hurrah!) after the dissolution of the Lower House of the Parliament in Tokyo, Japan, on Thursday. Photo: IC
Japanese Prime Minister Shinzo Abe dissolved parliament Thursday, effectively kicking off a national election campaign where he faces an unexpected and formidable challenge from the popular governor of Tokyo.
Members of the lower house raised their arms and shouted "Banzai" three times - the Japanese equivalent of "three cheers" - after the speaker read out a letter officially dissolving the chamber.
Voters in the world's third-biggest economy will go to the polls on October 22 Women's Terence Garvin Jersey , as Abe seeks a fresh popular mandate for his hardline stance on North Korea and a new tax plan.
"A difficult battle starts today," Abe told reporters, shaking his fist.
"This is an election about how to protect the lives of people," said the premier. "We have to cooperate with the international community as we face the threat from North Korea."
Abe asked for public support for his "strong diplomacy" on Kim Jong-un's regime, which has threatened to "sink" Japan into the sea and fired missiles over its northern Hokkaido island twice in the space of a month.
"We need to fight for our children's future."
Abe stunned Japan on Monday with a surprise call for a snap election, seeking to capitalize on a weak opposition and a boost in the polls Women's Tre Madden Jersey , as voters welcome his hawkish policy toward Pyongyang.
But Tokyo Governor Yuriko Koike has upended Japanese politics in recent days, stealing Abe's limelight with her newly launched "Party of Hope" that seeks to shake up the country's lethargic po-litical landscape.
Koike's new party, formally unveiled Wednesday, has attracted an influx of lawmakers from a wide range of ideological backgrounds and has succeeded in unifying opposition to Abe, presenting Japanese voters with a credible alternative to the premier.
Japan's main opposition Democratic Party later Thursday decided not to run candidates in the election, effectively joining forces with Koike's juggernaut.
For the moment Women's Chris Carson Jersey , although Koike is leading the party, she is not running for a seat in parliament, preferring to concentrate on governing the world's most populous city in the run-up to the 2020 Olympic Games.
TOKYO, Sept. 28 (Xinhua) -- Japanese Prime Minister Shinzo Abe's dissolving the lower house of parliament Thursday and calling a snap election for Oct. 22 was supposed to be a straightforward piece of political brinkmanship aimed at seeing his grip on parliament tightened and his tenure at the helm extended.
Abe has seen the support rate for his cabinet tumble to historic lows following a string.
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