TSX slips 20 points as Celestica jumps 9.5% ahead of BoC

Canada’s main stock index was little changed in early trading Tuesday as a jump in Celestica Inc. (TSX:CLS) stood out, with investors waiting for Wednesday’s Bank of Canada interest rate decision. The S&P/TSX composite index was at 35,924.76, down 19.40 points or 0.054 per cent, at 10:31 a.m. ET, according to TMX Money.

Yahoo Finance showed the index at 35,925.34, down 18.82 points, at the same minute. The index opened at 35,978.63 and has traded between 36,068.51 and 35,882.56 so far, TMX Money said, compared with Monday’s close of 35,944.16. About 35.4 million shares had changed hands. The index was up 13.343 per cent so far this year as of Monday’s close, according to TMX Money. All figures are intraday and are changing through the session.

Celestica shares were at $380.00 on the Toronto Stock Exchange, up $33.03 or 9.52 per cent, at 10:32 a.m. ET, TMX Money said. Yahoo Finance showed the company’s U.S.-listed shares up 10.21 per cent. The electronics manufacturer reported third-quarter revenue up 83 per cent to US$5.83 billion and raised its outlook on Monday.

The Bank of Canada announces its decision and releases its Monetary Policy Report on Wednesday. The Canadian Press reported Monday that the central bank is expected to raise its key rate from 2.25 per cent. Our pre-market look at Tuesday has the oil and currency picture, and our Monday close report has the sector detail. The Canadian dollar was at 0.7128 against the U.S. dollar, down 0.12 per cent, Yahoo Finance showed.

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This article is for information only and is not investment advice. Speak to a licensed adviser before making investment decisions.