Yellen to speak later today
The S&P/TSX composite index was up but 5.48 points to begin Thursday at 14,194.06
The Canadian dollar shed
TD hiked its dividend by 9% to
In other earnings news, Valeant Pharmaceuticals International reported quarterly net income of
There was also acquisition activity as online optical company Coastal.com is being sold to
The federal government has again rejected a proposed
The environment department rejected Taseko Mines'
Nine of the 14 Toronto subgroups were higher, led by information technology and gold, each up 0.7%, while global base metals added 0.4%.
The five laggards were weighed by health-care issues, sliding 2.9%, while consumer discretionary dipped 0.2%, and energy faded 0.1%.
Stocks were pointed slightly downward Thursday morning as investors geared up for testimony from U.S. Federal Reserve Chair
The Dow Jones Industrial Average moved downward 30.06 points to 16,168.35
The S&P 500 index faded 3.38 points to 1,841.78. The NASDAQ lost 6.21 points to 4,285.85
Shares of J.C. Penney soared more than 21% after the retailer reported a narrower-than-expected quarterly loss and said it expects same-store sales to rise by 3% to 5% during the current quarter. After a rough few years, investors may be getting hopeful that the company can finally deliver on its much-hyped turnaround strategy.
Best Buy shares also jumped after the electronics retailer reported quarterly earnings that had returned to profit from earlier losses. The company has experienced its fair share of problems in recent years as consumers have turned to online shopping.
Tesla shares were also getting a boost Thursday morning after the automaker announced it was raising
Shares of Chinese search engine Baidu popped after the company posted solid earnings and sales.
Investors around the world are once again turning to the Fed for clues about monetary policy.
Yellen will testify before the
Investors were also keeping a close eye on the tension in
Prices for 10-year U.S. Treasuries were higher, lowering yields to 2.65% from Wednesday's 2.67%. Treasury prices and yields move in opposite directions.
Oil prices moved lower
Gold prices gave back
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