CLOSING BELL: TSX flat as energy gains but mining loses
Up and down, back and forth.
That was the story on Bay Street today as Canada’s main stock market came up flat. Losses in mining were offset by gains in the energy sector. The TSX closed at 15,439, down 13 points.
Meanwhile in New York the Dow Jones retreated from six straight positive sessions, ending down 254 points to 24,964. Higher yields, and U.S. retailers putting up lower than expected earnings are to blame for the losses.
Canada and India have agreed to a big investment deal. The two-way agreement is worth $1 billion and will see Canada invest $750 million in that country while India invests $250 million back into Canada in a variety of sectors.
Strange move in the marijuana industry today as Aphria has reduced its cash offer to buy Nuuvera. The price has dropped from a dollar a share to 60 cents. Nuuvera says the cut will help it buy up the rest of subsidiary Avanti Rx Analytics.
And as of presstime in afterhours trading oil is up 7 cents to $61.62 U.S per barrel, gold is down $24 to $1332 an ounce, and the loonie is down two thirds of a per cent to 79.06 cents U.S.