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S&P/TSX Composite Index

15,470.10 real time data change up
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Change: 65.97 (0.43%)

S&P/TSX Venture Composite Index

682.16 real time data change down
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Change: -8.30 (-1.20%)
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6:14 PM EST, December 19, 2017
TSX Finishes Fairly Flat

Stocks in Canada's biggest market spent much of the day in strong, positive territory before coming back to earth by Tuesday's closing bell, as losses in utilities counteracted some of the gains by health-care.

The S&P/TSX Composite Index stayed 1.71 points north of breakeven to close Tuesday at 16,133.35

The Canadian dollar faded 0.01 cents to 77.71 cents U.S.

In the health-care field, Canopy Growth Corporation skyrocketed $1.33, or 6.5%, to $21.95, while Aphria stepped up 40 cents, or 2.8%, to $14.80.

Consumer discretionaries took silver, while Magna International gathered 34 cents to $73.65, while Gildan Activewear picked up 38 cents to $41.40.

Among energy concerns, Suncor progressed six cents to $44.30, while Imperial Oil added 38 cents, or 1%, to $38.55.

Royal Bank of Canada added 49 cents to $102.81 and Canadian Imperial Bank of Commerce rose $1.35, or 1.1%, to $121.76.

Great Canadian Gaming jumped $4.45, or 14.9%, to $34.34 after it and Clairvest Group Inc said they had won a contract to operate gaming venues in the Toronto area.

Utilities were on the downside, as Lundin Mining docked a penny to $7.64, while First Quantum Minerals downed 14 cents to $16.92.

Consumer staples were also on a downslope, as Loblaw fell 16 cents to $68.65, while Restaurant Brands International slid seven cents to $78.48.

Tech stocks such as BlackBerry gave back nine cents to $13.98, while Constellation Software collapsed $3.92 to $764.22.

On the economic front, Statistics Canada said the number of Canadians drawing regular employment insurance numbered 510,000, virtually unchanged from September. While there was little change for the month, the number of Employment Insurance recipients has been on a downward trend since October 2016.

ON BAYSTREET

The TSX Venture Exchange dropped 2.55 points to 804.96

Seven of the 12 TSX subgroups were positive, as health-care gained 1.7%, consumer discretionary issues gained 0.5%, while energy was 0.3% to the good .

The five laggards were weighed most by utilities, down 0.7%, while consumer staples skidded 0.5% and information technology handed back 0.4%.

ON WALLSTREET

U.S. equities fell on Tuesday, as a decline in Apple shares pushed the broader tech sector lower.

The Dow Jones industrials dropped 37.45 points from Monday's record close to 24,754.75

The S&P 500 docked 8.69 points to 2,681.47, with tech falling 0.5%

The NASDAQ composite index fell 30.91 points to 6,952.91. The major indexes also snapped a two-day winning streak.

Apple fell 1.1% after Nomura Instinet downgraded the tech giant's stock to neutral from buy. Apple is one of the most popular stocks on Wall Street and Main Street and rarely gets negative opinions from the former.

Tech has been the best-performing sector this year, rising nearly 40% in 2017.

Equities have had a strong year. The Dow has prospered 25.5%, S&P 500 has taken on 20.2%, and NASDAQ is up 29.9% for 2017.

In corporate news, Darden Restaurants shares rose 6.8% before the bell after the company reported better-than-expected earnings and revenue. Darden also hiked its full-year guidance.

Truck maker Navistar saw its stock pop 7.4% after its quarterly earnings easily topped estimates.

Lawmakers are set to vote on the measure as early as Tuesday. The bill would cut the federal corporate tax rate to 21% from 35%. Wall Street has been betting on this cut all year, pushing stocks to record highs.

Prices for the benchmark 10-year Treasury note fell hard, raising yields to 2.45% from Monday's 2.39%. Treasury prices and yields move in opposite directions.

Oil prices were up 30 cents a barrel to $57.49 U.S.

Gold prices let go of 10 cents to $1,265.40 U.S. an ounce.



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