Equity markets in Toronto were somewhat on the fence at Tuesday’s open, after a loss of more than 370 points on Monday.
The S&P/TSX composite index subtracted 3.94 points, to start business Tuesday at 13,000.64
The Canadian dollar fell 0.15 cents at 74.52 cents U.S.
China's commerce ministry has fined Bombardier and a unit of local trainmaker CRRC Corp 150,000 yuan ($23,572) each for setting up a joint venture before obtaining prior government approval.
Bombardier and CSR Nanjing Puzhen agreed to invest 125 million yuan each in November 2014 to set up the joint venture but only notified regulators in December, violating the anti-monopoly law, the Ministry of Commerce's anti-monopoly bureau said in a statement.
Bombardier shares doffed three cents, or 1.9%, to $1.55.
MDC Partners Inc. reports that the proxy solicitation firm Kingsdale Shareholder Services still plans to expand in the United States after merger and acquisition talks with rivals there failed to produce a deal, its top executive said on Monday.
MDC shares were static at $24.01.
Pacific Exploration and Production said its lenders agreed to waive off a covenant that requires it to maintain above $1 billion in net worth, amid a slump in oil prices. The waivers are effective for about $1.43 billion in debt facility and will terminate on Dec. 28, the
company said on Tuesday.
Shares in the company with the symbol "PRE" started the day shed seven cents, or 2.2%, to $3.05.
Canaccord Genuity raised the target price on DHX Media to $12.00 from $11.50 to reflect the company’s fourth-quarter beats and strong revenue guidance for 2016. DHX shares climbed 13 cents, or 1.6%, to $8.38.
The economic calendar today features Statistics Canada’s industrial product price index, which came in lower by 0.3% for August, due mostly to lower prices for energy and petroleum products. The agency’s raw materials price index declined 6.6% in the same month, led by lower prices for crude energy products.
ON BAYSTREET
The TSX Venture Exchange slid 14.72 points to 526.78
In all, six of the 13 TSX subgroups were higher at the opening bell Tuesday, as metals and mining climbed 4.6%, gold and materials each surging 1.9%.
The half-dozen laggards were weighed mostly by health-care, 3.5% less hale, consumer staples, down 1.6%, and consumer discretionary issues, off 0.8%. Real-estate stocks were unchanged.
ON WALLSTREET
U.S. stocks traded in a narrow range after opening mildly higher Tuesday, attempting to stabilize after a sharp selloff as commodities recovered slightly.
The Dow Jones industrial average added 18.14 points to 16,020.03, with McDonald's leading advancers and Goldman Sachs the greatest decliner.
The S&P 500 inched up 0.26 points to 1,882.03, with financials leading six sectors lower and utilities the only advancer.
The NASDAQ index dipped 11.43 points to 4,532.52, after the index tanked more than 100 points Monday.
Glencore held more than 15% higher in London trade after extending recent losses with a nearly 30% plunge Monday amid concerns about debt levels for the commodities and trading giant. On Tuesday, a number of brokers said worries about the firm's debt pile were overdone.
The bounce helped European stocks recover from a sharply lower open to trade mildly lower.
On Tuesday, S&P/Case-Shiller's 20-City Index reported a 5% rise in July, roughly in-line with analysts' estimates for a 5.1% increase.
The September consumer confidence index came in at 103.0.
Prices for 10-year U.S. Treasuries gained slightly, lowering yields to 2.08% from Monday’s 2.10%. Treasury prices and yields move in opposite directions.
Oil prices gained 55 cents a barrel to $44.98 U.S.
Gold prices eked up 30 cents to $1,132.25 U.S. an ounce.
