Login
Become a Member
News
Shortened Week in U.S. as Biden Sworn In
Latest News
Stocks in Play
Dividend Stocks
Breakout Stocks
Tech Insider
CAD Daily Briefing
Stocks to Watch
Commodites
ETF's
The Week Ahead
Earnings Announcements
Dividend Announcements
Metals & Mining News
Commodity News
Crude Oil News
M & A News
OTC Company News
TSX Company News
Accesswire
Markets
TSX Closes out Losing Week on Downward Note
Market Update
Foreign Markets Update
North American Indices
TSX Sector Watch
TSX Sector Watch
Most Actives
New Listings – TSX
New Listings – TSX-Venture
Currencies
ETF's
Futures
Ratings / Research
Cenovus Energy Inc "OUTPERFORM"
Analyst Ratings
Research Reports
Sectors
Stock Screener
Interactive Charts
Dividends Calendar
Stock Splits Calendar
Earnings Calendar
Personal Finance
To Wait, or Not to Wait, for a Market Crash?
Portfolio
Watch List
Watch List
Baystreet School
Prime Rates
GIC Rates
Deposit Account Rates
Compare Mortgage Rates
Compare Credit Cards
US Rates
Economy
Auto Sales in Canada Hit Brakes in November
Economic Commentary
Economic Calendar
Global Economies
Global Economic Calendar
Glenn Wilkins
- Tuesday, December 10, 2019
Stocks Virtually Unchanged at Closing Bell
Golds Climb, Health-Care Staggers
Equities in Canada’s largest market hugged the flatline much of Tuesday, as resource stocks had trouble counteracting losses in health-care issues.
The TSX Composite Index swooned just 0.15 points south of breakeven to close Tuesday at 16,950.70
The Canadian dollar inched up 0.04 at 75.57 cents U.S.
Senior U.S. and Canadian officials were set to fly to Mexico City to work on the final changes to a languishing North American trade pact that could clear the way for a vote in the U.S. Congress before the end of the year.
Golds led the parade of winners, with OceanaGold up six cents, or 2.6%, to $2.38, while Barrick Gold improved 36 cents, or 1.6%, to $22.64.
Among energy concerns, Arc Resources added 23 cents, or 3.1%, to $7.73, while MEG Energy moved higher 18 cents, or 2.9%, to $6.46.
In the materials sector, Turquoise Hill gained four cents, or 5.4%, to 78 cents, while Hudbay Minerals tacked on 20 cents, or 4.3%, to $4.86.
Health-care issues were not so fortunate, with Canopy Growth faltering $1.76 or 6.2%, to $26.42, while HEXO subtracted 14 cents, or 4.1%, to $3.32.
In communications, TELUS Corp. subsided $1.20, or 2.3%, to $50.16, while Cineplex dissolved 48 cents, or 2%, to $24.18.
In techs, Constellation Software dropped $24.98, or 1.9%, to $1,279.49, while Quarterhill Inc. doffed three cents, or 1.8%, to $1.66.
ON BAYSTREET
The TSX Venture Exchange moved backward 1.16 points to 536.33
In Toronto, the 12 subgroups were evenly divided to close Tuesday, with gold sprinting 1%, while energy gained 0.4%, and materials were 0.3% to the good.
The half-dozen laggards were weighed most by health-care, down 1.8%, while communications backpedaled 1%, and information technology surrendered 0.5%.
ON WALLSTREET
Stocks dipped on Tuesday as a looming U.S.-China trade deadline dampened investor sentiment.
The Dow Jones Industrials finished in the red 27.88 points to 27,881.72
The S&P 500 edged lower 3.44 points to 3,132.52
The NASDAQ wilted 5.64 points to 8,616.18, dragged down by Netflix. The video streamer fell 3.1% after an analyst at Needham downgraded it to underperform from hold.
The Wall Street Journal first reported the U.S. plans to delay slapping China with additional tariffs as both sides try to work out a so-called phase one trade deal. A deadline for the two countries had been set for Dec. 15. If an agreement wasn’t reached by then, the new U.S. tariffs would take effect.
Investors also kept an eye on the Federal Reserve as the central bank kicks off its last two-day monetary policy meeting of the year. The Fed is expected to hold rates steady.
Prices for the 10-Year U.S. Treasury lost a bit of ground, raising yields to 1.84% from Monday’s 1.83%. Treasury prices and yields move in opposite directions.
Oil prices nicked up 30 cents at $59.32 U.S. a barrel.
Gold prices improved four dollars at $1,468.90 U.S. an ounce.
Market Updates
TSX Closes out Losing Week on Downward Note
TSX Listless Midday Friday
Slight Loss for TSX
Futures in Minus Column
Stocks Hold on to Gains by Close
Previous Articles
Subscribe to Get Small Cap
News & Alerts