Canada's main stock exchange edged lower on Thursday, failing to get a boost from a rally in global stock markets.
The S&P/TSX Composite Index scaled back from Wednesday’s dizzy climb, losing 13.41 points to move into noon hour ET at 16,562.79
The Canadian dollar dipped 0.02 cents to 76.57 cents U.S.
Weed producer Canopy Growth made its way higher six cents, after spending much of the morning in the dungeon, to reach noon at $53.58, despite brokerage Bryan Garnier downgrading its stock to neutral from buy. Shares in peer Cronos Group were down 13 cents to $19.94.
The largest percentage gainers on the TSX were Richelieu Hardware, which rose $1.89, or 8.5%, to $24.11, after reporting quarterly results and transportation and logistics company TFI International, which gained 72 cents, or 1.8%, to $40.74.
OceanaGold fell 16 cents, or 4.5%, the most on the TSX, to $3.40, while the second biggest decliner was Russel Metals, down 54 cents, or 2.4%, to $21.94.
ON BAYSTREET
The TSX Venture Exchange dropped 0.05 points to 586.11
All but three of the 12 Toronto subgroups had weakened midday, with consumer staples and consumer discretionary stocks each losing 0.4%, and health-care fading 0.3%.
The three gainers were energy, forging ahead 0.3%, while utility stocks eked up 0.1%, and financial stocks cleared breakeven but 0.04%.
Oil prices dropped 36 cents to $56.98 U.S. a barrel.
Gold lost $3.30 to $1,414.60 U.S. per ounce.
ON WALLSTREET
U.S. Markets Were Shuttered for Independence Day
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