Canada's main stock index dipped on Thursday, backing off the previous session's record high as declining industrial and gold mining shares weighed, offsetting gains for the energy group.
The S&P/TSX Composite Index dropped 45.84 points from Wednesday's record close to greet noon at 16,157.29
The Canadian dollar gained 0.4 cents to 79.45 cents U.S.
The industrials group fell, with Waste Connections declining 1.5% to $88.47.
The materials group, which includes precious and base metals miners and fertilizer companies, lost ground as gold mining shares fell. Eldorado Gold declined 3.4% to $1.73.
One of the biggest drags on the index was Brookfield Infrastructure Partners LP, which fell 2.8% to $56.20 after rallying on Wednesday. Earlier in the week the company announced an agreement to sell its Chilean regulated transmission business for $1.3 billion.
The largest percentage gainer on the TSX was Canopy Growth, which rose 6.5%. The stock was adding to gains it made on Wednesday after a ruling by regulators that boosted the shares of marijuana companies.
Open Text, rose 5.5% to $44.07 after S&P Dow Jones Indices announced after the bell on Wednesday that the stock will be added to the S&P/TSX 60, 60 Capped and 60 Equal Weight Indices to replace Agrium Inc.
The TSX Venture Exchange gained 9.07 points to 835.79
Eight of the 12 TSX subgroups were in the red by midday, as industrials tailed off 0.8%, while gold and utilities lost 0.6%
The four gainers were led by health-care, up 1.8%, information technology picked up 0.5%, and energy gained 0.3%.
U.S. stocks tried for gains Thursday, the second-to-last trading day of the year.
The Dow Jones Industrials gained 33.11 points to move into noon hour ET at 24,807.41, with UnitedHealthand 3M contributing the most to the gains.
The S&P 500 gained 1.89 points to 2,684.51, with advances in technology, telecommunications and real estate investment.
The S&P has rallied nearly 20% this year.
The NASDAQ composite index tacked on 9.72 points to 6,949.06, as declines in biotechnology stocks like Gilead and Amgen offset gains in big technology names like Apple.
On a monthly basis, the indexes are tracking for gains not seen in decades. The Dow is on pace for its first nine-month winning streak since 1959 and the S&P is on track for its first nine-month winning streak since 1983.
If the NASDAQ composite finishes December higher, it will have posted gains in 11 of 12 months in 2017, a first for the tech-heavy index.
In economic news, the advance trade deficit in goods increased to $69.7 billion in November from $68.1 billion in October. Weekly jobless claims came in at 245,000 versus expectations of 240,000.
The Chicago Purchasing Managers Index for December rose to 67.6, its highest since March 2011
Prices for the benchmark 10-year Treasury note fell, raising yields to 2.43% from Wednesday's 2.41%. Treasury prices and yields move in opposite directions.
Oil prices dropped five cents a barrel to $59.59 U.S.
Gold prices gained $4.30 to $1,295.70 U.S. an ounce.