Home resales, jobless figures factor in
The S&P/TSX composite index was still negative 6.69 points to close the session out at 15,555.26
The Canadian dollar was up
Financials climbed, with Royal Bank of Canada rising 0.1% to
Shares of energy producers received a lift from a higher U.S. crude oil price. Suncor Energy was up 0.2%, at
The gold-mining sector dropped with the bullion price. Goldcorp shed 3.5% to
Speaking of things economic, Statistics Canada reported this morning that the number of people receiving regular
All but four of the 14 Toronto subgroups ended the day negative, with gold tumbling 2.5%, materials sliding 1.9%, and metals and mining off 1.5%
The four gainers were led by financials, richer by 0.6%. energy, 0.5% more energetic, and telecoms, beaming 0.1% higher.
Equity markets edged higher on Thursday, with the S&P 500 hitting a new all-time high, as U.S. and German data drove confidence on economic growth and helped extend a stock rally.
The Dow Jones Industrials moved up 60.43 points to end Thursday at 17,039.56
The S&P 500 moved higher 5.87 points to 1,992.38, the 28th record close this year for the popular index of U.S. stocks.
The NASDAQ turned positive 5.62 points to 4,532.10
Hewlett-Packard Co. and Hormel Foods Corp. were the biggest winners in the S&P 500 after each company posted quarterly profit that topped expectations.
EBay Inc. was another top performer in the S&P 500, gaining more than 4% in the wake of speculation it may spin off its PayPal business.
Shares of retailer Gap Inc. edged higher in the lead up to quarterly earnings after the closing bell.
Dollar Tree Inc. shares were down 1.3% after reporting quarterly results and as Family Dollar Stores Inc. reaffirmed its support for Dollar Tree's takeover bid, rejecting a rival offer from Dollar General Corp.
In economic news, initial jobless claims fell by 14,000 to 298,000 last week, basically in line with the 300,000 claims expected by economists.
An August reading for the Philadelphia Fed index, a manufacturing gauge, came in at 28, besting forecasts for a reading of 18, and a manufacturing gauge from Markit also jumped.
With time to mull it over, investors appeared to further shrug off the Fed minutes released Wednesday that showed some officials arguing the groundwork should be laid for raising interest rates sooner than expected. A Thursday report showing a three-month low for Chinese factory data was also brushed aside.
Prices for 10-year U.S. Treasuries were higher, lowering yields back to Wednesday's 2.41%. Treasury prices and yields move in opposite directions.
Oil prices inched up
Gold prices were lower by
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