Stocks in Canada’s biggest market seesawed on Tuesday as energy stocks advanced, offsetting losses for mining and financial stocks.
The S&P/TSX Composite inched lower 4.58 points to begin Tuesday at 13,989.30
The Canadian dollar eked up 0.04 cents to 77.93 cents U.S.
The new chief executive of Valeant Pharmaceuticals International, Joe Papa, will appear before investors at the company's annual meeting for the first time on Tuesday, likely facing hard questions after months of bad news torpedoed its stock.
Valeant shares gained 31 cents, or 1%, to $30.83.
Kyrgyz President Almazbek Atambayev ordered state prosecutors on Tuesday to review the legality of agreements signed with Centerra Gold in 2003-2004 and 2009, his office said in a statement.
Centerra shares were unchanged at $6.89.
RBC raised the target price on Canadian Natural Resources to $50.00 from $43.00. Natural Resources shares pumped up 59 cents, or 1.6%, to $37.37.
Goldman Sachs reinstated coverage on First Quantum Minerals with a sell rating. First Quantum shares dipped six cents to $8.71.
ON BAYSTREET
The TSX Venture Exchange dropped 0.46 points to 715.41
Seven of the 13 TSX subgroups were lower, with metals and mining descending 0.6%, financials down 0.5%, and real-estate off 0.1%.
The half-dozen gainers were led by energy, up 0.6%, gold, progressing 0.4%, and health-care, haler by 0.3%.
ON WALLSTREET
U.S. stocks traded in a range Tuesday as investors looked ahead to the conclusion of the Federal Reserve meeting, expected Wednesday afternoon, amid continued concerns about the upcoming U.K. vote on whether to leave the European Union.
The Dow Jones Industrials deleted 44.82 points to 17,687.66,
The S&P 500 lost 3.26 points at 2,075.80.
The NASDAQ eked up 1.1 points to 4,849.54, helped by a nearly 1% rise in shares of Apple in mid-morning trade. Shares of Yahoo also jumped more than 2.2%
Retail sales rose a more-than-expected 0.5% in May. Ex-autos, gasoline, building materials and food services, retail sales rose 0.4%
Import prices rose 1.4%, their largest gain in more than four years, while export prices jumped 1.1% in May. Business inventories rose 0.1% in April.
In other economic news, the National Federation of Independent Business survey said its small business optimism index rose 0.2 points to a reading of 93.8 last month, remaining below the 42-year average of 98.
Prices for the 10-year Treasury fought their way higher, lowering yields to 1.6% from Monday’s 1.61%. Treasury prices and yields move in opposite directions.
Oil prices gave back 42 cents a barrel to $48.46 U.S.
Gold prices were up $2.40 to $1,289.30 U.S. an ounce.
