Canadian stocks opened higher amid stronger than expected financial results from smartphone maker BlackBerry Ltd. and expectations that China will move to counter its economic slowdown.The S&P/TSX composite index moved ahead 58.84 points to 14,237.68, while the Canadian dollar fell 0.05 of a cent to 90.60.BlackBerry reported a loss of US$423 million or 80 cents per share for its latest quarter compared with a profit of $98 million or 19 cents per diluted share a year ago.However, excluding several one-time items, BlackBerry (TSX:BB) said it had an adjusted loss from continuing operations of $42 million or eight cents per share for the quarter. Analysts on average had expected a loss of 55 cents per share, according to estimates compiled by Thomson Reuters. Its shares rose more than three per cent, or 32 cents, to $10.28 at the open.Wall Street was also positive as the Dow Jones industrials gained 61.08 points to 16,325.31, the Nasdaq rose 16.96 points to 4,168.19 and the S&P 500 index jumped 8.2 points to 1,857.16.Meanwhile, expectations have risen on whether more stimulus will be pumped into China, as that country saw its growth slowed to its weakest level since the financial crisis. In commodities, oil gained 80 cents to $102.08, while gold prices lost ground with the June contract faded $6.20 to US$1,288.80 an ounce. May copper rose 5 cents to US$3.04 a pound.
“It is especially tragic that this attack took place at a point in time where we are calling for a restoration of the cessation of hostilities,” UN Special Envoy for Yemen Ismail Ould Cheikh Ahmed said. Noting that the building attacked was supposed to host the committee that will oversee the cessation of hostilities and report on violations, the Special Envoy said: “The United Nations maintains a regular presence in this building and this incident is not a sign of good faith.”Mr. Ould Cheikh Ahmed urged Ansar Allah and the General People’s Congress to commit to participate in the De-escalation and Coordination Committee’s preparatory workshop. He underscored the importance of the support to the work of the committee which is critical for the success of a renewed truce. “It is of the interest of both parties in the conflict to commit to the rapid resumption of a long-lasting cessation of hostilities in the coming days and weeks. The improvement in the security situation will open space for renewed dialogue,” he added.In a briefing to the UN Security Council late last week, Mr. Ould Cheikh Ahmed said those seeking a military solution will only prolong the suffering caused by the war, allow the terrorist threat to grow and deepen the challenges that will face the eventual recovery. “With political courage and will, the war can be stopped,” he said, pressing both sides to demonstrate the political courage needed to stop the nearly two-year-long war.