Canadian Markets closed

TSX Still Mildly Positive

Baystreet.ca
Stocks in Toronto rose broadly on Wednesday to a seven-and-a-half-month high, led in part by a surge ...

Stocks in Toronto rose broadly on Wednesday to a seven-and-a-half-month high, led in part by a surge in Pretium Resources Inc shares.

The S&P/TSX Composite Index held onto gains of 21.5 points to move into noon hour ET at 15,791.86

The Canadian dollar inched up 0.01 cents to 79.91 cents U.S.

Pretium, for its part, flew $2.34, or 19.3%, to $14.47, after the company said its Brucejack mine produced 82,203 ounces of gold in the third quarter.

Teck Resources advanced 1.4% to $28.52. The overall group, which includes miners, fertilizer producers and forestry companies, added strength.

Shawcor rose 8% to $29.43 after National Bank of Canada raised its price target and rating to outperform from sector perform.

Shopify Inc shares recouped some of its recent losses, rising 3.8% to $120.21, to contribute to an overall gain in the tech sector.

Bombardier Inc rose 3.8% at $2.34, with the overall industrials group up. Delta Air Lines chief executive said on Wednesday no U.S.-made jets competed with Bombardier's CSeries plane.

ON BAYSTREET

The TSX Venture Exchange tailed off 3.23 points by midday Wednesday to 790.22.

Seven of the 12 TSX subgroups were still positive, as information technology climbed 0.6%, while industrials and health-care each tallied 0.5%.

The five laggards were weighed down most by gold, sliding 0.8%, energy, backtracking 0.3%, and materials dipping 0.1%.

ON WALLSTREET

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 7.19 points to 22,837.87, an all-time intraday peak, with Johnson & Johnson contributing the most to the gains.

The S&P 500 gained 0.38 points to 2,551.02

The NASDAQ added 5.91 points to improve on Tuesday’s record high to 6,593.36

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.

The Fed is scheduled to release its so-called minutes at 2 p.m. ET 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 14 cents a barrel to $50.78 U.S.

Gold prices skidded $3.80 to $1,290 U.S. an ounce