Canada's main stock index fell on Tuesday, weighed down by financial stocks, as diplomatic tensions with Russia weighed on the market sentiment.
The S&P/TSX Composite Index began the day off 58.81 points to 15,298.56
The Canadian dollar slipped 0.06 cents at 77.75 cents U.S.
The federal environment ministry says Husky Energy is facing a number of provincial and federal charges related to a July 2016 pipeline leak that spilled oil into a river in Western Canada
Husky shares grew 22 cents, or 1.3%, to $17.88
Jefferies cut the target price on First Quantum Minerals to $21.00 from $27.00. First Quantum shares lost seven cents to $18.09.
KBW cut the target price on Intact Financial to $108.00 from $111.00. Intact shares gained 41 cents to $96.21.
Desjardins raised the target price on Lassonde Industries to $285.00 from $280.00. Lassonde shares acquired $1.04 to $260.04.
ON BAYSTREET
The TSX Venture Exchange dropped 2.02 points to 814.52
All but two of the 12 TSX subgroups gave up ground in the first hour, with gold dulling in price 1.8%, materials down 0.8%, and financials sliding 0.7%.
The two gainers were energy, creeping up 0.3%, and utilities, eking up 0.01%.
ON WALLSTREET
U.S. stocks opened higher on Tuesday, adding to the strong gains seen in the previous session, as concerns about a trade war dampened.
The Dow Jones Industrial Average moved doggedly ahead 19.97 points to 24,222.57, with Microsoft leading the gains
The S&P 500 doffed 1.86 points to 2,656.69, with tech as the best-performing sector.
The NASDAQ composite Index removed 4.17 points to 7,216.37
In the corporate space, Facebook shares fell more than 1% after Bank of America Merrill Lynch reduced its price target on the stock for the second time in five days. The cut comes as Facebook's fallout from the data scandal continues.
Last week, reports emerged alleging that Cambridge Analytica, an analytics company, had gathered data from 50 million Facebook profiles without users' permission. While Facebook has since come out to apologize and try to rectify the matter, concerns remain over data use.
Prices for the benchmark 10-year Treasury note gained ground, lowering yields to 2.82% from Monday’s 2.85%. Treasury prices and yields move in opposite directions.
Oil prices docked one cent a barrel to $65.54 U.S.
Gold prices faded $12.40 to $1,342.60 U.S. an ounce.
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