Positive Finish for TSX

Canfor, New Gold in Focus

Stock markets in Toronto ended Tuesday barely positive, with resource stocks more than compensating for losses in the health-care field.

The S&P/TSX Composite Index held onto gains of 32.5 points to end Tuesday at 16,248.76

The Canadian dollar faded 0.11 cents to 75.28 cents U.S.

Materials led the parade, with Canfor Corp. leaping 62 cents, or 7.2%, to $9.27, while New Gold progressed seven cents, or 7.5%, to $1.03.

Energy triumphed, with Meg Energy jumping 29 cents, or 6.8%, to $4.55, while Gran Tierra Energy soared five cents, or 1.9%, to $2.62.

Industrials also had a banner day, with shares of BRP, prospering $3.11, or 7.1%, to $46.66, closely followed by those of SNC-Lavalin, up $1.66, or 7%, to $25.36.

Health-care issues went south, as Cronos Group gave back 46 cents, or 2%, to $22.60, while Aurora Cannabis dipped 20 cents, or 1.9%, to $10.32

Allied Properties Real Estate Investment fell $1.44, or 2.9%, to $48.19, while elsewhere in real estate, Colliers International Group dropped $2.77, or 3%, to $88.97.

Utilities also didn’t fare so well, as Hydro One lost 35 cents, or 1.5%, to $22.73, while ATCO stumbled 37 cents to $45.52.


The TSX Venture Exchange lost 5.11 points Tuesday to 589.32

Seven of the 12 Toronto subgroups were still positive by noon hour, as materials were boosted 1.6%, energy gained 1.3%, and gold picked up 0.6%.

The five laggards were weighed most by health-care, sliding 1.4%, information technology, off 1%, and real-estate, skidding 0.6%.


Stocks closed marginally lower on Tuesday, taking a breather after posting strong gains to start off June.

The Dow Jones Industrial Average faded 14.17 points to finish at 26,048.51, erasing a gain of 185.99 points. The 30-stock index also snapped a six-day winning streak.

The S&P 500 slipped 1.01 points to 2,885.72. The industrials sector was the biggest laggard in the S&P 500, dropping 0.9% as Raytheon shares declined by 5.1%.

The NASDAQ Composite lopped off 0.6 points to 7,822.47.

Stocks are on pace for sharp monthly gains after a strong decline in May. The major indexes are all up nearly 5%. In May, the Dow and S&P 500 dropped more than 6% each while the NASDAQ slid nearly 8%.

Market expectations for lower rates by July sat around 78%. Investors are also pricing in a 97.1% chance of lower rates by December

Prices for the benchmark 10-year U.S. Treasury barely moved Tuesday, leaving yields at Monday’s 2.15%.

Oil prices stayed afloat 10 cents to $53.36 U.S. a barrel.

Gold prices gained $1.20 at $1,330.50 U.S. an ounce.