Toronto Stock Exchange index was flat on Tuesday as losses in energy firms offset gains in mining companies, while investors looked ahead to inflation data due on Wednesday for cues about economic recovery.
* The energy sector dropped 0.2% as U.S. crude prices were down 0.2% a barrel, while Brent crude lost 0.1%. [O/R]
* The materials sector, which includes precious and base metals miners and fertilizer companies, gained 0.4% as gold futures rose 0.2% to $1,870.5 an ounce. [GOL/]
* At 9:47 a.m. ET (1347 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 8.47 points, or 0.04%, at 19,466.18.
* Canada‘s Centerra Gold rose 7.8%, after saying it was taking all measures possible to protect shareholder rights and is seeing good support from the Canadian and UK governments, a day after Kyrgyzstan seized control of the company’s Kumtor gold mine.
* The Canadian dollar climbed to a six-year high against its U.S. counterpart, as the greenback broadly declined.
* The financials sector gained 0.3%. The industrials sector fell 0.4%.
* On the TSX, 102 issues were higher, while 118 issues declined for a 1.16-to-1 ratio to the downside, with 20.16 million shares traded.
* The largest percentage gainers on the TSX were Centerra Gold <CG.TO>, which jumped 6.1% and Lithium Americas Corp <LAC.TO>, which rose 3.9%.
* Parex Resources <PXT.TO> fell 5.0%, the most on the TSX, after withdrawing second-quarter production guidance.
* The second-biggest decliner was Canfor Corp <CFP.TO>, down 3.4%.
* The most heavily traded shares by volume were Bombardier Inc <BBDb.TO>, Western Forest Products Inc <WEF.TO> and Athabasca Oil Corp <ATH.TO>.
* The TSX posted 19 new 52-week highs and one new low.
* Across all Canadian issues, there were 69 new 52-week highs and seven new lows, with a total volume of 46.68 million shares.
(Reporting by Shivani Kumaresan in Bengaluru; Editing by Ramakrishnan M.)
TORONTO – Strength in the base metal and technology sectors helped Canada’s main stock index gain almost 100 points on Friday, while U.S. stock markets also climbed higher.
The S&P/TSX composite index closed up 93.51 points at 23,568.65.
In New York, the Dow Jones industrial average was up 297.01 points at 41,393.78. The S&P 500 index was up 30.26 points at 5,626.02, while the Nasdaq composite was up 114.30 points at 17,683.98.
The Canadian dollar traded for 73.61 cents US compared with 73.58 cents US on Thursday.
The October crude oil contract was down 32 cents at US$68.65 per barrel and the October natural gas contract was down five cents at US$2.31 per mmBTU.
The December gold contract was up US$30.10 at US$2,610.70 an ounce and the December copper contract was up four cents US$4.24 a pound.
This report by The Canadian Press was first published Sept. 13, 2024.
OTTAWA – Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose 0.4 per cent to $82.7 billion in July.
The increase came as sales in the miscellaneous subsector gained three per cent to reach $10.5 billion in July, helped by strength in the agriculture supplies industry group, which rose 9.2 per cent.
The food, beverage and tobacco subsector added 1.7 per cent to total $15 billion in July.
The personal and household goods subsector fell 2.5 per cent to $12.1 billion.
In volume terms, overall wholesale sales rose 0.5 per cent in July.
Statistics Canada started including oilseed and grain as well as the petroleum and petroleum products subsector as part of wholesale trade last year, but is excluding the data from monthly analysis until there is enough historical data.
This report by The Canadian Press was first published Sept. 13, 2024.
TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in the base metal and energy sectors, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 172.18 points at 23,383.35.
In New York, the Dow Jones industrial average was down 34.99 points at 40,826.72. The S&P 500 index was up 10.56 points at 5,564.69, while the Nasdaq composite was up 74.84 points at 17,470.37.
The Canadian dollar traded for 73.55 cents US compared with 73.59 cents US on Wednesday.
The October crude oil contract was up $2.00 at US$69.31 per barrel and the October natural gas contract was up five cents at US$2.32 per mmBTU.
The December gold contract was up US$40.00 at US$2,582.40 an ounce and the December copper contract was up six cents at US$4.20 a pound.
This report by The Canadian Press was first published Sept. 12, 2024.
