Stocks in Toronto moved in reverse Thursday, though gold and copper prices rose.
The S&P/TSX Composite Index were negative 36.17 points to begin Thursday at 13,875.12.
The Canadian dollar dropped 0.3 cents to 78.72 cents U.S.
A senior federal government official said Canada will not give struggling aircraft maker Bombardier Inc federal aid without assurances on jobs, investment in research and the location of the company's headquarters.
Bombardier shares dropped six cents, or 3.5%, to $1.68.
The feds also said they will introduce legislation to legalize and regulate recreational marijuana in spring 2017, boosting shares of medical marijuana producers such as Canopy Growth Co, OrganiGram Holdings and Aphria Inc.
Canopy shares galloped 10 cents, or 3.6%, to $2.89.
OrganiGram shares rocketed nine cents, or 7.2%, to $1.34.
Aphria shares gained two cents, or 1.2%, to $1.69.
Barclays raised the target price on Canadian Pacific Railway to $200.00 from $185.00, with an overweight rating. CP shares lost 29 cents to $188.28.
Barclays raised the target on Husky Energy to $22.00 from $21.00, with an overweight rating. Husky shares tacked on two cents each to $17.65.
FBR cut the rating on Teck Resources to market perform from outperform. Teck shares skidded 28 cents, or 2%, to $13.67.
On the economic slate, Statistics Canada reported this morning that in February, 548,700 Canadians received regular Employment Insurance benefits, up 4,200, or 0.8%, from January
ON BAYSTREET
The TSX Venture Exchange continues to gain, strengthening 3.59 points to 657.84.
All but three of the 13 TSX subgroups were lower, as consumer staples doddered 0.8%, with financials and health-care each retreating 0.7%.
The three gainers were gold, up 1.8%, materials, advancing 1.5%, and consumer discretionary issues, edging up 0.1%.
ON WALLSTREET
U.S. stocks traded in a narrow range Thursday, hovering near their highs of the year so far, as investors viewed earnings.
The Dow Jones Industrials dropped 45.1 points to open at 18,051.17. Verizon and Travelers contributed the most to declines in the Dow
The S&P 500 faded 5.12 points to 2,097.28. Telecoms were the greatest decliner in the S&P 500
The NASDAQ index slid 13.73 points to 4,934.40
In U.S. economic news, the Philly Fed Index was minus 1.6 in April. Weekly jobless claims came in at 247,000, the lowest since 1973.
In other economic news, the FHFA Housing Price Index showed a 0.4% rise in February, after a downwardly revised 0.4% rise in January.
Leading indicators in March rose 0.2%
Prices for the 10-year Treasury sagged, raising yields to 1.87% from Wednesday’s 1.85%. Treasury prices and yields move in opposite directions.
Oil prices docked 72 cents a barrel to $43.46 U.S.
Gold prices gained $7.49 to $1,251.74 U.S. an ounce.
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