Canada's commodity-oriented benchmark stock index began on Thursday slightly on the downside, as miners and energy firms tracked upbeat commodity prices after U.S. consumer prices unexpectedly fell for the first time in more two and a half years in December.
The TSX demurred 20.49 points to begin the Thursday session at 20,004.56
The Canadian dollar was up 0.01 at 74.47 cents U.S.
U.S.-listed shares of Organigram Holdings jumped 7.2% pre-market as the Cannabis producer forecast a higher revenue for 2023. Shares in Organigram in Toronto took on five cents, or 4.6%, to $1.15.
ON BAYSTREET
The TSX Venture Exchange edged ahead 3.62 points to 606.01.
Eight of the 12 subgroups gained territory, co-led by health-care and information technology, each sagging 1%, while consumer discretionary, off 0.8%.
The four gainers were led by energy, rumbling 1%, gold, up 0.3%, and financials, eking up 0.1%.
ON WALLSTREET
Stocks ticked higher Thursday after December’s consumer prices report came in line with economist expectations and showed signs of cooling inflation.
The Dow Jones Industrials rocketed 133.05 points to kick off Thursday at 34,106.06
The S&P 500 improved 10.9 points to 3,980.51.
The NASDAQ Composite Index hiked 25.33 points to 10,957.
The December report showed a 0.1% dip in prices from November but was still 6.5% higher than a year prior. In November, the report showed a 0.1% monthly gain and an annual pace of 7.1%, according to Dow Jones.
Disney shares added more than 1% in early morning trading after the company elected independent director Mark Parker as Chairman of the board. It also opposed activist investor Nelson Peltz’s attempt to join the board as the two sides prepare for a proxy battle.
American Airlines gained 5% after the company lifted its fourth-quarter guidance, citing strong demand and high fares.
Bed Bath & Beyond advanced 16% pre-market, continuing to rally after a handful of meme stocks surged Wednesday. The stock surged almost 69% in Wednesday’s session.
Prices for the 10-year Treasury gained a bit of ground, lowering yields to 3.52% from Wednesday’s 3.53%. Treasury prices and yields move in opposite directions.
Oil prices advanced 65 cents to $78.06 U.S. a barrel.
Gold prices prospered $7.40 to $1,886.30 U.S. an ounce.
