‘World’ hikes Seagram stock

TORONTO — Shares of Seagram Co. Ltd surged in Canada on Monday, powered by a record-breaking opening weekend for Steven Spielberg’s “The Lost World: Jurassic Park,” traders said.

“This ought to become a fairly strong money-maker for Universal, which is Seagram’s,” said Fred Ketchen, director of equity trading for Scotia McLeod Inc. “When they (investors) see something like this happen, you’ve got to translate that into the company’s stock.”

Shares of the Montreal-based beverage and entertainment company ended $1.10 higher at $56.30 in moderate turnover on the Toronto Stock Exchange after reports that the “Jurassic Park” sequel has earned an estimated $92.7 million since previewing on Thursday night.

Seagram shares did not trade on Wall Street for the Memorial Day holiday.

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