Stock Market Today

Shares of Magna International (CA:MG.A 73.26, +8.99, +13.99%) soared
13% after the auto-parts manufacturer announced its first-quarter profit beat analysts' expectations and that it was changing its corporate voting structure.

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Metals stocks were also on the rise as the price of gold inched up to $1,198.80 on the New York Mercantile Exchange. Shares of Yamana Gold (CA:YRI 11.27, +0.58, +5.43%)
were trading 5.1% higher, while shares of Goldcorp (GG 43.40, +0.74, +1.73%)
(CA:G 45.61, +1.78, +4.06%) increased 4.4% and shares of Barrick Gold Corp.
(ABX 43.68, +0.80, +1.87%)
(CA:ABX 46.01, +1.88, +4.26%) added 4.1%.

Slumping crude-oil prices weighed on Canadian energy stocks and pushed down the main energy index (CA:I:IRTEN 140.48, -2.43, -1.70%) by 1.6%. Oil was recently trading at
$77.15 a barrel while shares of EnCana Corp. (CA:ECA 31.90, -0.50, -1.54%) fell 1.9%.