Oil tidings provide spark
The S&P/TSX composite index gained 51.18 points to greet noon at 14,128.65
The Canadian dollar dropped
The company projects revenues will be approximately
On the earnings front, Sherritt International Corp. reported a
Sherritt cut its quarterly cash dividend to
Yamana Gold posted a quarterly net loss of
Power producer Boralex Inc. said its quarterly cash flow from operations was
The energy sector advanced, while Canadian Natural Resources Ltd. jumped
On the economic front, Statistics Canada reported that wholesale trade for December stumbled 1.4% to
The 14 Toronto subgroups were evenly divided between gainers and losers, with energy stocks ahead 1%, global base metals up 0.9%, and real-estate stocks up 0.6%.
The seven laggards were weighed by gold stocks, down 0.7%, health-care, down 0.5%, and consumer staples, sliding 0.4%.
Stocks were mixed in early trading Wednesday, as investors grappled with disappointing economic data and awaited minutes from the Federal Reserve's last meeting.
The Dow Jones Industrial Average erased 25.52 points to 16,156.22 midday.
The S&P 500 index subsided 3.56 points to 1,837.20. The NASDAQ dipped 18.42 points to 4,254.36.
The broader market may be down. But some prominent stocks were moving higher. Shares of Zale surged about 40% after Signet Jewelers unveiled a deal to acquire the
GPS device maker Garmin reported an increase in quarterly earnings on a slight drop in revenue, sending shares up 10%.
Spirit Airlines shares gained ground after the discount airline said that it more than doubled its adjusted net income for the quarter.
On the downside, Herbalife shares slipped even after the controversial seller of nutrition products, reported a double-digit percentage jump in quarterly profit, fueled by sales in
Tesla will report results after the close. The electric car maker already said it sold a higher number of its Model S sedan in the fourth quarter. Investors are hoping for more news from CEO
On the economic front, housing starts fell sharply in January, as bad winter weather took a hit on construction.
Investors were also cautious ahead of the U.S. Federal Reserve's minutes from its January meeting, when the central bank decided to further reduce, or taper, its monthly bond purchases. That was also
Though last month's decision to continue to cut back on its stimulus measures was unanimous among the Fed's 10 voting members, investors will be looking for hints on how the Fed may act in future months.
New Fed chair
Prices for 10-year U.S. Treasuries gained ground, lowering yields to 2.70% from Tuesday's 2.71%. Treasury prices and yields move in opposite directions
Oil prices inched up
Gold prices slid
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