Closing Bell TSX dodges global rout as investors flock to oil gold

Here are the closing numbersTSX — 14,212.74, up 3.15 pointsS&P 500 —  1,845.73, down 13.72 pointsDow — 16,168.03, down 153.68 pointsNasdaq — 4,277.30, down 30.82 pointsCanadian dollar —  90.22 cents US, down 0.08 of a centGold— US$1,350.30 per oz., up $28.70Oil — US$104.92 per barrel, up $2.33TORONTO — The Toronto stock market closed little changed, one of the few global markets to avoid racking up sharp losses in the wake of Russia’s invasion of Ukraine’s Crimean peninsula.The S&P/TSX composite index edged 3.15 points higher to 14,212.74. TSX losses were partly held in check by energy and gold stocks, which rose alongside oil and bullion prices as traders generally avoided riskier assets such as equities and base metals.Gains in commodities helped support the Canadian dollar, which was faring better than some other currencies. The loonie declined 0.08 of a cent to 90.22 cents US.Investors sought the perceived safe haven of U.S. dollars and Treasuries after Russia took effective control of the Crimean peninsula, calling it a necessary protection for citizens living there.U.S. indexes tumbled as traders weighed the potential economic consequences of Russia’s move.The Dow Jones industrials dropped 153.68 points to 16,168.03, the Nasdaq gave back 30.82 points to 4,277.3 and the S&P 500 index fell 13.72 points to 1,845.73.TOP STORIESU.S. crude may rise above $120 if war erupts in Ukraine: analystPimco sees Canadian housing market falling as much as 20%Osisko settles lawsuit with Goldcorp over US$2.6B hostile takover, wins more time to seek alternative offersGlobal stock markets tumble as Ukraine war threat spooks investorsWHAT’S ON DECK TUESDAYECONOMIC NEWSUNITED STATES7:45 a.m. ICC Same-Store Sales (Mar 1)CORPORATE NEWSCANADABank Of Nova Scotia Q1 earnings: Analysts expect $1.33 a share read more

Boyd Group buying Ontariobased Assured Automotive for 1936 million

Boyd Group buying Ontario-based Assured Automotive for $193.6 million WINNIPEG – The Boyd Group will more than double its presence in Canada by acquiring 68 collision repair centres in Ontario operated by Assured Automotive Inc. for $193.6 million.The Winnipeg-based income fund (TSX:BYD.UN) says its North American network of collision repair shops will grow to 474 locations when the deal closes, including 110 in Canada.Assured Automotive CEO Desmond D’Silva and president Tony Canade will join the Boyd management team and continue to lead the Assured operation under its own brand name.Boyd will pay for Assured with about $146.1 million in cash and $47.5 million of income fund units priced at $88.31 each, subject to adjustments.The value attached to the trust units is below their market price of $89.77 at the close of trading on Friday. by The Canadian Press Posted May 29, 2017 5:20 am MDT Last Updated May 29, 2017 at 6:20 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more