After a pair of Analyst gave some good news about RIM and it;s first BB10 device the stock of the company went up 18%, the highest it has been for awhile.
RIM surged 18 percent, the biggest gain since April 2009, after an analyst with National Bank Financial raised his estimates for BlackBerry 10 sales next year. Colossus Minerals Inc. (CSI) climbed 3.8 percent as gold rose. Royal Bank (RY) of Canada and Toronto-Dominion Bank (TD) advanced. U.S. markets were closed today for the Thanksgiving holiday.
“The Chinese manufacturing data came in better than expected,” David Baskin, president of Toronto-based Baskin Financial Services Inc., said in a phone interview. His firm manages C$440 million in assets. “So much of the world natural resource trade goes to support Chinese growth so that’s the data people are looking for.”