Equities in Canada’s largest market fell into the red by Tuesday’s close, as health-care losses counteracted gains in material and gold stocks.
The S&P/TSX Composite Index gave up 30.71 points to end Tuesday at 16,390.13
The Canadian dollar gained 0.08 cents at 76 cents U.S.
Health-care took a shelling Tuesday, as Canopy Growth dumped 82 cents, or 2.4%, to $32.94, while Aphria Inc. let go of 44 cents, or 4%, to $10.66.
Consumer staples also fell, as Restaurant Brands International lost 39 cents to $84.92, while Saputo lost $1.42, or 3.4%, to $43.25.
Among techs, BlackBerry retreated 21 cents, or 1.5%, to $13.46, while Shopify doffed $6.70, or 2.9%, to $221.34.
Top percentage gainer on the TSX was shares of First Quantum Minerals, which jumped $1.05, or 5.9%, to $18.90, and Lundin Mining, which rose 35 cents, or 5%, to $7.37.
In the gold sector, Barrick Gold eked up seven cents to $15.61, while Goldcorp took on 14 cents to $17.51.
Financials barely broke even, as Royal Bank gathered 39 cents to $102.19, while Scotiabank gained 40 cents to $76.51.
ON BAYSTREET
The TSX Venture Exchange tumbled 3.89 points to 706.42.
Seven of the 12 TSX subgroups were negative on the day, as health-care slipped 2.6%, consumer staples backtracked 1.5%, and information technology dipped 1.4%.
The five gainers were led by materials, falling 0.9%, gold, up 0.5%, and financials, taking on 0.2%.
ON WALLSTREET
Stocks closed higher Tuesday after strong financial results from Google-parent Alphabet led a wave of upbeat corporate earnings.
The Dow Jones Industrials soared 197.65 points to 25,241.94, with United Technologies leading the blue-chip names.
The S&P 500 climbed 13.42 points to 2,820.40, thanks to gains in materials, telecommunications and energy stocks.
The NASDAQ dipped 1.11 points to 7,840.77, having jumped more than 1% during the day to an intraday high.
Alphabet shares surged 3.9% to a record after the company reported stronger-than-forecast quarterly results. Wall Street's top analysts are growing more confident over the prospects for many of Alphabet’s emerging businesses including YouTube, autonomous cars and cloud computing.
Facebook picked up 1.8% to an all-time high — while Amazon rose 1.5%
Eli Lilly also reported better-than-expected earnings. The company said it plans to file an initial public offering for its Elanco Animal Health unit as well. Shares of Eli Lilly rose 5%.
Biogen shares jumped more than 4% after reporting earnings and revenue that beat expectations. Dow component United Technologies posted stronger-than-expected earnings and raising its full-year profit guidance, pushing its stock up 3.8%.
Shares of agricultural and construction company Deere rose more than 3% Tuesday amid media reports that the Trump administration plans to offer billions of dollars in aid to farmers hit by tariffs on their goods.
The move represents an emergency bailout with the goal of easing financial pain felt by farmers caused by the White House's scaling trade war in key electoral states. The temporary aid package would reportedly total $12 billion.
The earnings season is off to a strong start. Of the 21.4% of S&P 500 companies that have reported, 80.6% have topped analyst expectations for second-quarter earnings. Meanwhile, 74.1% of those companies have surpassed revenue estimates.
Prices for the benchmark for the 10-year U.S. Treasury made slight gains, lowering yields to 2.95% from Monday’s 2.96%. Treasury prices and yields move in opposite directions.
Oil prices gained 59 cents to $68.48 U.S. a barrel.
Gold prices slid 30 cents to $1,225.30 U.S. an ounce.
Related Stories
