Staples spike, energy down
The S&P/TSX composite index remained ahead 5.76 points to greet noon at 15,624.84.
The Canadian dollar gained back 0.46 to
The energy sector has gained roughly 17% so far this year as investors bought into undervalued stocks.
Experts have said valuations were still on the low end of fair value for many oil and gas names, including Suncor Energy, which was up 0.6% at
Elsewhere, Alimentation Couche-Tard jumped 4.1% to
At the other end of the spectrum, Canexus Corp shares fell 9.9% to
Economically speaking, the Bank of
The 14 Toronto subgroups were evenly split between gainers and losers, as consumer staples gathered 1.3%, information technology improved 0.9%, and metals and mining grew 0.8%.
The seven laggards were weighed mostly by energy stocks, fading 0.4%, while gold and consumer discretionary stocks each backed off 0.2%.
U.S. stocks were mixed on Wednesday, despite optimism a resolution would be reached between
The Dow Jones Industrials maintained gains of 30.66 points to 17,098.22
The S&P 500 dipped 0.80 points to 2,001.48. The NASDAQ slid 23.31 points to 4,574.88.
August auto sales were unexpectedly strong, led by Ford Motor,
Housing stocks were a weak spot, weighed down by a 2.8% decline in Toll Brothers to
On the economic front, Data continued to point to an improving U.S. economy. New orders for manufactured goods increased a record 10.5% in July. June's orders were revised to show a 1.5% increase instead of the previously reported 1.1% rise.
The Fed Beige Book is due at
Prices for 10-year U.S. Treasuries sagged, raising yields to 2.43% from Tuesday's 2.42%. Treasury prices and yields move in opposite directions.
Oil prices spiked
Gold prices added
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