Financial Post reported the Toronto stock market was little changed despite disappointing earnings reports from the resource sector.
As quoted in the market news:
Shares in Cameco were down 79 cents to $21.85 after the uranium miner reported an 85% drop in quarterly earnings to $8 million, or two cents per share. Revenue came in at $391 million for the quarter, down from $426 million year over year. The company cites lower earnings from its uranium business based on lower sales volumes, lower realized prices and higher costs.