Stocks in Canada’s biggest centre were little changed on Tuesday as narrow gains in financial stocks were offset by declines in materials sector.
The S&P/TSX Composite Index lopped off 8.67 points to begin Tuesday at 15,204.78
The Canadian dollar moved briskly forward 0.49 cents at 77.91 cents U.S.
RBC raised the target price on Husky Energy to $20.00 from $19.00. Husky shares acquired nine cents to $18.15.
Among health-care stocks, Canopy Growth Corporation gained 54 cents, or 1.7%, to $32.55, while Valeant Pharmaceuticals picking up 29 cents, or 1.5%, to $19.75.
In the consumer discretionary field, Canadian Tire galloped $2.22, or 1.3%, to $168.70, while Gildan Activewear moved up 13 cents to $36.88.
Mexico's economy minister said on Monday that his country, the United States, and Canada have made significant advances on reworking the North American Free Trade Agreement and ministers will meet in the coming days to determine the scope to agree on the basics of a deal
ON BAYSTREET
The TSX Venture Exchange sagged 13.04 points, or 1.6%, to 783.63
All but three of the 12 TSX subgroups remained negative on the day, with health-care down 4.3%, energy off 2.4%, and information technology settling 2%.
The three gainers were gold, brighter by 1.8%, while materials and utilities each advanced 0.2%.
ON WALLSTREET
U.S. stocks rebounded on Tuesday to cut losses from the previous session as technology shares rose.
The Dow Jones Industrial Average recovered 67.85 points to 23,712.04, with UnitedHealth as the best-performing stock in the index.
The S&P 500 eked up 0.09 points, or 2.2%, to 2,581.97, with tech as the best-performing sector.
The NASDAQ Composite index dipped 12.37 points to 6,857.75
The moves Tuesday come after Wall Street tumbled on the first trading day of April and the second quarter. On Monday, the Dow sank more than 450 points, with the 30-stock index hitting a new low for the year. The S&P 500 and NASDAQ closed in correction territory amid the possibility of a trade war, and fears surrounding the tech industry.
Amazon shares rose 2%, while Netflix traded higher 3.5% higher. Google-parent Alphabet and Facebook also rose.
Tech has been the best-performing sector in the S&P 500 sector over the past 12 months, rising 23% through Monday's close. But the sector has been under pressure recently because of growing concerns the space could be hit with regulation.
Prices for the benchmark 10-year Treasury note fell back, raising yields to 2.76% from Monday’s 2.74%. Treasury prices and yields move in opposite directions.
Oil prices regained 40 cents a barrel to $63.41 U.S.
Gold prices lost $8.50 to $1,338.40 U.S. an ounce.
