Canada's main stock index fell at open on Thursday, after data showed that Canada lost 23,000 jobs in October.
The S&P/TSX Composite Index dipped 9.98 points in Thursday’s first hour, to 15,123.14
The Canadian dollar gained 0.12 cents at 75.52 U.S.
Detour Gold said on Thursday it agreed to name two of investor Paulson & Co's nominees to its board as it looks to end a proxy fight with the hedge fund that had called for a complete overhaul of the board.
Detour shares took on nine cents to $10.19.
Suncor Energy said on Wednesday its chief executive will retire mid-next year, with the company's chief operating officer taking over the top job at that time.
Suncor gave back four cents to $44.22.
CIBC cut the price target on Boyd Group Income Fund to $132.00 from $134.00. Boyd units gained $1.23, or 1.1%, to $113.00.
CIBC raised the price target on Loblaw Companies to $70.00 from $69.00. The grocery giant inched higher six cents to $58.77.
National Bank of Canada cut the price target Uni-Select to $25.00 from $26.50. Uni-Select collapsed $2.44, or 10.1%, to $21.74.
On the economic front, the Canadian Real Estate Association said home sales via Canadian MLS® Systems edged back by 1.6% in October 2018.
CREA adds, while activity is still stronger compared to the first half of 2018, it remains below monthly levels recorded from early 2014 through 2017.
ON BAYSTREET
The TSX Venture Exchange gained 1.77 points, to 620.98
Seven of the 12 subgroups were lower, with consumer discretionary descending 1%, real-estate down 0.8%, and consumer staples off 0.4%.
The five gainers were led north by health-care, haler 1.7%, gold, 1.2% brighter, and materials, 0.9% more solid.
ON WALLSTREET
The Dow Jones Industrial Average fell more than 100 points Thursday morning as Amazon and WalMart led a slide in consumer discretionary-related stocks.
The 30-stock index tumbled 156.97 points to start Thursday at 24,923.53
The S&P 500 fell 16.2 points to 2,685.20, as consumer discretionary stocks shed 1.6% and utilities lost 1.3%.
The NASDAQ dropped 14.88 points to 7,121.51, as Amazon dropped 2% and Facebook fell 1%.
WalMart's mixed results weren't enough to offset investor angst following news that renowned investor Warren Buffett dissolved his stake in the retail giant. Shares dropped 0.8% after the company reported strong e-commerce sales as it continues to tack on brands to compete with rival Amazon and foster its grocery segment. The giant retailer also raised its forecast for earnings and same-store sales in the U.S. for the full year, expecting a strong holiday season.
Cisco shares rallied 4.2% after the tech giant beat on both the top and bottom lines for the first fiscal quarter. The San Jose, California-based Cisco reported revenue rose 7.7% as it takes action to mitigate the impact any future impact from the Trump administration's trade dispute with China.
So far, it remains one of a handful of technology companies that has not seen headwinds as a result of tariffs between the two economic powerhouses, according to CEO Chuck Robbins.
Sterling plunged by over 1.4% against the U.S. dollar Thursday morning after U.K. Brexit Secretary Dominic Raab resigned from his post, piling yet more pressure on U.K. Prime Minister Theresa May as she tries to get her draft Brexit agreement through Parliament.
Initial claims for state unemployment benefits rose 2,000 to a seasonally adjusted 216,000 for the week ended Nov. 10, the U.S. Labor Department said on Thursday. Retail sales rose 0.8%, higher than the 0.5% expected.
Prices for the benchmark for the 10-year U.S. Treasury gained, lowering yields to 3.09% from Wednesday’s 3.13%. Treasury prices and yields move in opposite directions.
Oil prices rose 52 cents to $56.77 U.S. a barrel.
Gold prices popped $3.50 at $1,213.60 U.S. an ounce.
