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TSX Up Slightly
Canada’s main stock index edged higher in early trade on Thursday, with gains for energy and mining ...

Canada’s main stock index edged higher in early trade on Thursday, with gains for energy and mining companies offsetting losses for marijuana producers and a dip in Shaw Communications after it reported disappointing quarterly earnings.

The S&P/TSX Composite Index gained 25.06 points to begin Thursday at 16,273.01

The Canadian dollar slipped 0.01 cents to 79.7 cents U.S.

Shaw, for its part, lost 63 cents, or 2.3%, in early Thursday trading to $27.31.

Health-care stocks dwindled, though Valeant Pharmaceuticals gained 81 cents, or 2.8%, to $30.29. Canopy Growth faded $2.12, or 5.1%, to $39.80.

Consumer staples also settled, as Restaurant Brands International (owner of Tim Hortons) dipped in price 49 cents to $76.16.

Energy stocks tried to provide some counterbalance, as Imperial Oil gathered 13 cents to $39.86.

On the economic slate, Canadians saw little overall change in new home prices in November, according to Statistics Canada.


The TSX Venture Exchange tumbled 12.26 points, or 1.4%, to 898.58

Seven of the 12 TSX subgroups were down, with health-care losing 2.3%, consumer staples off 0.5%, and information technology skidding 0.4%.

The five gainers were led by energy, gushing 1,4%, gold, up 0.5%, and industrials, better by 0.3%.


America’s blue-chip index rose to an all-time high on Thursday as investors bet economic growth would pick up steam.

The Dow Jones Industrials moved higher 82.74 points to 25,451.87. led by Boeing, General Electric and Caterpillar. These names stand to benefit the most if economic growth ratchets up.

The S&P 500 acquired 6.64 points to 2,754.87, with energy and industrials as the best-performing sectors.

The NASDAQ composite index gained 14.56 points to 7,168.14, as shares of Apple gained 0.6%.

The major averages tried to rebound from losses posted in the previous session.The S&P 500 and Nasdaq snapped a six-day winning streak on Wednesday. Investors fretted over the possibility of China halting its Treasury bond purchases and the U.S. pulling out of NAFTA.

Delta Air Lines reported adjusted earnings that surpassed analyst expectations, sending the company's stock 2% higher. Homebuilder KB Home also posted a better-than-expected quarterly profit; the stock rose 4.7%.

BlackRock, J.P. Morgan Chase and Wells Fargo are all scheduled to report Friday. Earnings are expected to have grown by 10.6% during the fourth quarter

In corporate news, Walmart said it will raise its starting wage to $11.00 per hour and will give some employees bonuses following the tax-bill passage.

In economic news, U.S. producer prices fell for the first time in more than a year.

Prices for the benchmark 10-year Treasury note inched down, raising yields to 2.56% from Wednesday’s 2.55%. Treasury prices and yields move in opposite directions.

Oil prices tacked on 89 cents a barrel to $64.46 U.S.

Gold prices gained $3.70 to $1,323.80 U.S. an ounce.