Slightly Negative Close for Toronto Markets

EnCana Slips, Hexo Screams Higher

Equities in Toronto fell into the red by the close Tuesday, after a drop in oil prices weighed the overall numbers done.

The TSX Composite Index lost 13.71 points to conclude Tuesday at 17,011.40

The Canadian dollar retreated 0.37 cents to 75.35 cents U.S.

Shares in Canadian National Railway dropped $1.33, or 1.1%, to $122.43, extending a decline from the previous session, after the
Teamsters labour union gave the company notice late last week on intent to strike starting today.

Elsewhere, among energy issues, EnCana Corp. dipped 26 cents, or 4.7%, to $5.24, while Frontera Energy lost 47 cents, or 4.7%, to $9.60.

Industrials got tagged, too. Shares in Canadian National Railway dropped 99 cents to $122.77, extending a decline from the previous session, after the Teamsters labour union gave the company notice late last week on intent to strike starting today. Ballard Power Systems took a hit of 10%, or 96 cents, to $8.61.

In the real-estate sector, Canadian Apartment Properties REIT dropped $1.58, or 2.8%, to $54.26, while First Capital Realty lost 49 cents, or 2.2%, to $21.64.

Health-care positively sang, however, Hexo shares jumped 31 cents, or 14.7%, to $2.42, while Aphria hurtled skyward 66 cents, or 13.1%, to $5.69.

In gold, Barrick Gold gathered 19 cents, or 1.3%, to $22.62, while Kirkland Lake Gold popped $1.16, or 1.8%, to $64.66.

In other resource stocks, Agnico Eagle Mines leaped $1.47, or 1.9%, to $79.82, while Teck Resources acquire 23 cents, or 1.1%, to $21.37.

On the macroeconomic front, Statistics Canada said this country’s manufacturing sales edged down 0.2% in September to $57.4 billion, following a 0.8% increase in August.

ON BAYSTREET

The TSX Venture Exchange faded 2.45 points at 522.47

The 12 Toronto subgroups were evenly split by Tuesday’s closing bell, as energy slumped 1.4%, while industrials and real-estate each finished 0.6% lower.

The half-dozen gainers were propelled upwards by health-care, spiking 3%, gold, up 0.6%, and materials, inching up 0.3%.

ON WALLSTREET

The Dow Jones Industrial Average fell from record highs on Tuesday amid losses in Home Depot and a reversal in Boeing shares while the broader market finished the session little changed.

The 30-stock index fell 93.88 points to 27,942.34.

The S&P 500 doffed 1.85 points to 3,120.18.

The NASDAQ added 20.72 points to Monday’s all-time high, closing at 8,570.66.

Home Depot shares slid 5.4% after disappointing same-store sales, a key metric for retailers, overshadowed better-than-expected earnings.

The stock’s decline shaved off 88 points from the Dow

Kohl’s also tanked more than 19% on weak same-store sales.

Meanwhile, Boeing shares gave back a 1.5% gain after the National Transportation Safety Board recommended the airplane maker redesign the engine covers on thousands of its 737 planes. The stock in initially rose after Boeing wrangled up 50 orders for the embattled 737 Max jet at the Dubai Air Show.

One order for 20 planes came from an undisclosed buyer while a Kazakhstan-based airline put in another one for 30 planes. The stock ended the day down 0.7%.

Prices for the 10-Year U.S. Treasury acquired some new ground, lowering yields to 1.79% from Monday’s 1.82%. Treasury prices and yields move in opposite directions.

Oil prices dipped $1.81 to $55.24 U.S. a barrel.

Gold prices recovered 90 cents to $1,472.80 U.S. an ounce.