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TSX Starts Out on Right Foot
Equity markets in Canada’s largest centre opened broadly higher on Wednesday as the influential financial ...

Equity markets in Canada’s largest centre opened broadly higher on Wednesday as the influential financial stocks led gains, while Pretium Resources Inc surged after it released gold production results from one of its mines.

The S&P/TSX Composite Index gained 22.35 points to begin Wednesday’s session at 15,792.71

The Canadian dollar strengthened 0.12 cents to 80.02 cents U.S.

Pretium, for its part, flew $2.28, or 18.8%, to $14.41.

A Swedish court ruled Wednesday that an employee at Canadian aircraft and train maker Bombardier was cleared of bribery charges.

Shares in the beleaguered Bombardier took on seven cents, or 3.1%, to $2.32.

Sears Canada moved a step nearer to permanent closure after several attempts to find a buyer failed, with the retailer saying it will seek court approval on Friday to shutter its remaining 130 stores, leaving 12,000 employees without jobs.

TD Securities resumes coverage on Atrium Mortgage Investment Corp. with hold rating and $12.50 price target. Atrium retreated three cents to $12.16.


The TSX Venture Exchange tailed off 2.8 points in the first hour Wednesday to 790.65.

Eight of the 12 TSX subgroups made headway to begin Wednesday, as gold shone brighter 0.6%, while information technology and materials each grew 0.5%.

The four laggards were weighed down most by energy, backtracking 0.4%, health-care, off 0.2%, and consumer discretionary stocks, dipping 0.1%.


U.S. stocks traded little changed on Wednesday as investors awaited the release of a summary from the Federal Reserve's previous meeting.

The Dow Jones Industrials gained 13.85 points to 22,830.68, an all-time intraday peak, with Johnson & Johnson contributing the most to the gains.

The S&P 500 gained 0.58 points to 2,551.22, with losses in financials putting a tight lid on gains.

The NASDAQ added 7.11 points to improve on Tuesday’s record high to 6,594.37

Wall Street also looked to corporate news on Wednesday, as earnings season picked up steam. BlackRock and Delta Air Lines both reported quarterly results that beat expectations.

Other companies scheduled to report this week include big banks like Citigroup, JPMorgan Chase and Bank of America.

The Fed is scheduled to release its so-called minutes at 2 p.m. in New York. The central bank kept interest rates unchanged at its Sept. 20 meeting, but said it would start to roll off its $4.5-trillion portfolio this month. The Fed amassed most of its holdings during the financial crisis.

Prices for the benchmark 10-year Treasury note gained a bit, lowering yields to 2.34% from Tuesday’s 2.35%. Treasury prices and yields move in opposite directions.

Oil prices fell three cents a barrel to $50.89 U.S.

Gold prices skidded $1.60 to $1,292.20 U.S. an ounce