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Market Summary Article

S&P/TSX Composite Index

14,595.07 real time data change down
Change: -155.28 (-1.05%)

S&P/TSX Venture Composite Index

555.38 real time data change down
Change: -1.58 (-0.28%)
12:07 PM EST, December 27, 2017
Positive Open to Short Week

Stocks in Canada's largest market edged higher on Wednesday as a recent rally in commodity prices helped boost the shares of energy and metal mining companies.

The S&P/TSX Composite Index moved up 21.75 points to open Wednesday at 16,187.02

The Canadian dollar gained 0.3 cents to 79.12 cents U.S.

Markets were closed Monday and Tuesday for Christmas and Boxing Day.

British serviced office provider IWG Plc has received a bid approach from Canadian private equity firm Onex and Brookfield Asset Management, the company said on Wednesday.

Onex shares lost two cents to $93.06, while Brookfield gained 16 cents to $54.75.


The TSX Venture Exchange jumped 10.01 points Wednesday to 820.31

Six of the 12 TSX subgroups were negative at first, as information technology faded in price 0.7%, consumer discretionary stocks fell 0.5%, and telecoms dipped 0.3%.

The five gainers were led by health-care, charging ahead 2.8%, energy, gushing 1.7%, and gold, better by 0.8%.

Utilities were unchanged in the first hour.


U.S. stocks tried for gains in a holiday-shortened week Wednesday, helped by rising metals prices.

The Dow Jones industrials eked up 5.46 points to start Wednesday's session at 24,751.67. Goldman Sachs had the greatest negative impact on the Dow. Financial stocks, the third-best performer for the quarter, struggled for gains

The S&P 500 gained 2.42 points to 2,682.92. Energy stocks were the worst performer, falling 0.2% after leading S&P advancers Tuesday.

The NASDAQ composite index improved 15.6 points to 6,951.85

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.

In U.S. economic reports, the Conference Board's consumer confidence index fell to 122.1 in December from 128.6 in November.

Signed contracts to buy existing homes rose 0.8% in November from the same month last year, the first annual gain since June of this year, according to a seasonally adjusted monthly index of pending home sales from the National Association of Realtors. However, the index was up just 0.2% from October.

Prices for the benchmark 10-year Treasury note gained slight ground, lowering yields to 2.44% from Tuesday's 2.45%. Treasury prices and yields move in opposite directions.

Oil prices dropped 22 cents a barrel to $59.75 U.S.

Gold prices gained $1.70 to $1,289.20 U.S. an ounce.

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