Advertisement
Canada markets closed
  • S&P/TSX

    21,642.87
    -97.33 (-0.45%)
     
  • S&P 500

    5,051.41
    -10.41 (-0.21%)
     
  • DOW

    37,798.97
    +63.86 (+0.17%)
     
  • CAD/USD

    0.7233
    -0.0020 (-0.28%)
     
  • CRUDE OIL

    85.33
    -0.03 (-0.04%)
     
  • Bitcoin CAD

    88,085.23
    +877.16 (+1.01%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,400.90
    -6.90 (-0.29%)
     
  • RUSSELL 2000

    1,967.48
    -8.23 (-0.42%)
     
  • 10-Yr Bond

    4.6590
    +0.0310 (+0.67%)
     
  • NASDAQ futures

    17,899.00
    +17.75 (+0.10%)
     
  • VOLATILITY

    18.40
    -0.83 (-4.32%)
     
  • FTSE

    7,820.36
    -145.17 (-1.82%)
     
  • NIKKEI 225

    38,471.20
    -761.60 (-1.94%)
     
  • CAD/EUR

    0.6810
    -0.0014 (-0.21%)
     

Toronto Higher on Trade Optimism

Canada's main stock index opened higher on Tuesday on renewed hopes of resolving the ongoing trade dispute ...

Canada's main stock index opened higher on Tuesday on renewed hopes of resolving the ongoing trade dispute between the United States and China.

The S&P/TSX Composite Index recovered 58.2 points to reach 15,214.60, after Monday’s triple-digit collapse.

The Canadian dollar was unchanged at 75.55 cents U.S.

CIBC cut the price target on Interfor to $21.00 from $23.00. Interfor ditched three cents to $14.49.

RBC cut the price target on Heroux Devtek to $19.00 from $20.00. Heroux shares gained 63 cents, or 5.1%, to $12.94.

Canaccord Genuity raised the rating on Just Energy Group to speculative buy from hold. Just shares galloped 21 cents, or 4.1%, to $5.28.

ON BAYSTREET

The TSX Venture Exchange inched up 0.03 points to 638.30

All but three of the 12 subgroups were higher, as information technology and communications each grew 0.8%, while consumer discretionary shares moved up 0.6%.

The three laggards were health-care, slipping 1.2%, while consumer staples backed off 0.6%, and energy lost 0.2%.

ON WALLSTREET

Stocks rose on Tuesday as tech shares recovered some ground from a sharp selloff in the previous session. Sentiment was also lifted by reports of renewed trade talks between the U.S. and China.

The Dow Jones Industrials squeezed higher 0.74 points to 25,387.92, led by Intel.

The S&P 500 gathered 11.2 points to 2,737.42, as the technology sector rose 1%.

The NASDAQ recovered 50.46 points to 7,251.33.

Nvidia and Advanced Micro Devices were among the best-performing stocks in the tech sector, Nvidia rising 4.2%, while AMD rose 2.4%.

The Wall Street Journal reported Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He had resumed trade talks. The report comes ahead of a meeting between President Donald Trump and Chinese President Xi Jinping.

Prices for the benchmark for the 10-year U.S. Treasury gained ground, lowering yields to 3.17% from Friday’s 3.19%. Treasury prices and yields move in opposite directions. Bond markets were closed Monday for Veterans Day.

Oil prices sagged $2.21 to $57.72 U.S. a barrel.

Gold prices subtracted $2.30 an ounce to $1,201.20 U.S.