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Stocks in Canada’s biggest centre opened lower on Tuesday as oil prices fell and appetite for global ...

Stocks in Canada’s biggest centre opened lower on Tuesday as oil prices fell and appetite for global stocks remained tentative.

The S&P/TSX Composite Index backed off 32.65 points, to start Tuesday’s trading at 15,209.23

The Canadian dollar retreated 0.25 cents to 79.24 cents U.S.

Toronto Stock Exchange operator TMX Group Ltd reported on Monday a higher-than-expected fourth-quarter profit as lower operating expenses before acquisition costs helped offset a fall in revenue.

TMX, which trades under the stock symbol “X”, gained 42 cents to $75.34.

Barclays raised the price target on Canadian Tire Corporation to $180.00 from $178.00. Canadian Tire surrendered 47 cents to $162.08.

National Bank of Canada cut the price target on Emera Inc. to $43.00 from $45.00. Emera shares faded 66 cents, or 1.6%, to $40.87.

Barclays raised the price target on Suncor Energy to $54.00 from $52.00. Suncor shares fell 34 cents to $41.72.


The TSX Venture Exchange inched up 0.78 points to 825.84

All but two of the 12 TSX subgroups sank in the first hour, with energy diving 1%, health-care ailing 0.6%, and utilities off 0.5%.

The two gainers were information technology, gaining 0.7%, and materials, up 0.2%.


Stocks fell on Tuesday, giving back some of the sharp gains made in the previous session, as wild market swings continued to keep Wall Street on edge.

The Dow Jones industrial average deducted 129.59 points to 24,471.68. Home Depot and Verizon were the biggest decliners on the Dow, falling 1.5% and 1.4%, respectively.

The S&P 500 lost 13.98 points to 2,642.02, with energy as the worst-performing sector.

The NASDAQ fell 25.77 points to 6,957.19

In corporate news, Amazon is reportedly ramping up its medical supply business, sending shares of hospital suppliers lower. Cardinal Health, McKesson and Owens & Minor all fell at least 2.3%.

Elsewhere, shares of AmerisourceBergen soared more than 11% after the Wall Street Journal reported that Walgreens Boots Alliance has reached out to the company about a takeover.

The latest reading on the Consumer Price Index is scheduled for release Wednesday at 8:30 a.m. ET.

Prices for the benchmark 10-year Treasury note fell slightly, raising yields to 2.85% from Monday’s 2.86%. Treasury prices and yields move in opposite directions.

Oil prices retreated 77 cents a barrel to $58.52 U.S.

Gold prices added $1.10 to $1,327.50 U.S. an ounce.