Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Positive Finish for TSX

Oct 11, 2017 (Baystreet.ca via COMTEX) --

Stocks in Toronto rose broadly on Wednesday, led in part by a surge in Pretium Resources Inc shares.

The S&P/TSX Composite Index held onto gains of 30.04 points to close Wednesday at 15,800.40

The Canadian dollar strengthened 0.39 cents to 80.29 cents U.S.

Pretium, for its part, flew $2.91, or 24%, to $15.04, after the company said its Brucejack mine produced 82,203 ounces of gold in the third quarter.

Elsewhere among materials stocks, Teck Resources advanced 18 cents to $28.31.

In the health-care sector, Wednesday's champion, Canopy Growth Corporation acquired 76 cents, or 5.9%, to $13.59, while cannabis rival Aphria Inc. gained 24 cents, or 3.2%, to $7.84.

Shopify Inc shares recouped some of its recent losses, rising $2.87, or 2.5%, to $118.63, to contribute to an overall gain in the tech sector. Constellation Software climbed $1.95 to $719.68.

In real-estate, Brookfield Asset Management took on 14 cents to $53.00.

In the consumer discretionary sector, Magna International let go of 86 cents, or 1.2%, to $68.27.

In the energy sector, Ballard Power Systems sank 16 cents, or 2.4%, to $6.55, while Suncor Energy lost 25 cents to $42.99.

Bombardier Inc rose 10 cents, or 4.4% at $2.35, with the overall industrials group up. Delta Air Lines chief executive said on Wednesday no U.S.-made jets competed with Bombardier's CSeries plane.

ON BAYSTREET

The TSX Venture Exchange tailed off 2.13 points to finish Wednesday at 791.32.

All but two of the 12 TSX subgroups were still positive, as health-care vaulted 0.9%, information technology gained 0.5%, and real-estate picked up 0.4%.

The two laggards were consumer discretionary stocks, down 0.2%, and energy, off 0.1%.

ON WALLSTREET

U.S. stocks closed higher on Wednesday after the Federal Reserve released a summary from its previous meeting that showed it believes the economy is strong enough to withstand another rate hike in December.

The Dow Jones Industrials gained 42.21 points to 22,837.87, yet another all-time high, with Johnson & Johnson contributing the most to the gains.

The S&P 500 gained 4.6 points to another all-time peak of 2,555.24, with real-estate leading advancers.

The NASDAQ added 16.3 points to improve on Tuesday's record high to 6,603.55

Wall Street also looked to corporate news on Wednesday, as earnings season picked up steam. BlackRock and Delta Air Lines both reported quarterly results that beat expectations.

Other companies scheduled to report this week include big banks like Citigroup, JPMorgan Chase and Bank of America.

The minutes showed that a December interest-rate hike is all but certain despite low inflation levels. Most market participants were already expecting a rate hike in December.

Prices for the benchmark 10-year Treasury note lost ground a bit, raising yields to Tuesday's 2.35%. Treasury prices and yields move in opposite directions.

Oil prices picked up 39 cents a barrel to $51.31 U.S.

Gold prices gained $1.50 to $1,295.30 U.S. an ounce

********************************************************************** As of Saturday, 10-07-2017 23:59, the latest Comtex SmarTrend® Alert, an automated pattern recognition system, indicated a DOWNTREND on 05-17-2012 for BAM @ $30.96. For more info

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 51.63
Nat Gas 2.872
Corn 345 6/8
Cotton #2 67.04
Gold 1280.7
Copper 3.1570
Euro 1.18030
USD Index 93.640
SP500 E-mini 2568.25
DJIA E-mini 23224
close_icon
open_icon