Stocks in Canada’s most populous centre slipped in early trade on Tuesday, weighed by banks and energy stocks.
The S&P/TSX Composite dived 56.76 points to begin Tuesday at 14,720.26.
The Canadian dollar gained 0.28 cents to 77.71 cents U.S.
Canaccord Genuity cut the target price on Avigilon to $22.00 from $30.00 as a result of lower than expected gross margin following the recent price reductions of the H3 camera line as the mix of this line exceeded expectations.
Avigilon shares plummeted $2.97, or 22.3%, to $10.38.
CIBC raised the target price on Callidus Capital to $16.50 from $14.50 based on the additional value of the yield enhancements.
Callidus fell two cents a share to $16.43
CIBC raised the target price on ExtendiCare to $10.00 from $9.40 based on strong second-quarter results.
ExtendiCare shares acquired nine cents, or 1%, to $8.80.
High Liner Foods reports earnings today, expecting Q2 earnings of 18 cents per share. High Liner shares grew $1.42, or 7.1%, to $21.44.
Input Capital Corp projects Q1 loss of one cent per share. Input gained five cents, or 2.5%, to $2.03.
Nanotech Security looks for a Q3 loss of four cents per share. Nanotech eked up three cents, or 2.9%, to $1.06.
Titanium Transportation Group projects Q2 earnings of two cents per share. Titanium shares were unchanged at $1.65.
On the economic beat, Statistics Canada reported that manufacturing sales rose 0.8% to $50.2 billion in June, following a 1.0% decline in May.
ON BAYSTREET
The TSX Venture Exchange gained 4.2 points to 840.30
All but three of the 13 subgroups were negative to begin the day, as gold docked 1%, while information technology and utilities each subsided 0.9%.
Health-care picked up 0.8%, and consumer staples were better by 0.7%. So much for the gainers.
Metals and mining stocks were unchanged.
ON WALLSTREET
U.S. stocks traded lower on Tuesday, easing from record-high levels, as investors digested economic data and comments from Federal Reserve officials, while watching a surge in the Japanese yen.
The Dow Jones Industrials dropped 38.83 points to 18,597.22, with UnitedHealth Group contributing the most to losses.
The S&P 500 slid 7.14 points to 2,183.01, with utilities leading nine sectors lower.
The NASDAQ Composite lost 20.44 points to 5,241.58
A slew of companies also posted quarterly results, including Dow component Home Depot and Dick's Sporting Goods.
U.S. economic data came in mixed, with the July reading of the consumer price index (CPI) coming in unchanged — matching expectations — and July housing starts coming in at a five-month high. Industrial production for the same month, meanwhile, rose 0.7%, more than the 0.3% expected increase.
Prices for the 10-year Treasury fell, raising yields to 1.58% from Monday’s 1.56%. Treasury prices and yields move in opposite directions.
Oil prices gained 20 cents a barrel to $45.94 U.S.
Gold prices hiked $2.20 to $1,349.70 U.S. an ounce.
