Market Summary Article

S&P/TSX Composite Index

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S&P/TSX Venture Composite Index

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TSX Dawdles by Noon Hour

Equities in Toronto looked set to drop for the third straight session on Wednesday, hurt by declines in energy and technology shares but losses were limited by a rise in the health-care sector.

The S&P/TSX slid 32.31 points to greet noon at 16,766.02

The Canadian dollar shed 0.2 cents at 75.32 cents U.S.

The largest percentage gainers on the TSX were shares of Wesdome Gold which jumped 23 cents, or 3.7%, to $6.53, though Cronos Group gave up earlier gains to sit a penny below breakeven to $12.38.

First Quantum Minerals recovered from early losses to pick up 15 cents, or 1.3%, to $11.71, though shares of BlackBerry stayed red by noon hour, 30 cents, or 3.9%, to $7.38


The TSX Venture Exchange lost 4.61 points to 578.83

All but three of the 12 Toronto subgroups were negative by midday, as gold slumbered 2.6%, materials faded 2.1%, and health-care dipped 0.9%.

The three gainers were co-led by financials and real-estate, each up 0.4%, and information technology, inching ahead 0.1%


Stocks rose on Wednesday after President Donald Trump said a U.S.-China trade deal could arrive sooner than expected. Investors also pored through a rough transcript of Trump's call with the Ukrainian president from earlier this year.

The Dow Jones Industrials jumped 155.42 points to 26,963.19

The S&P 500 recovered 8.94 points to 2,975.54

The NASDAQ Composite hiked 27.1 points to 8020.72

Nike shares were among the biggest contributors to the Dow's gains. The shoe maker's stock jumped 5.3% on better-than-expected quarterly results. CEO Mark Parker said a stronger e-commerce business and products such as the new Joyride running shoe lifted the Nike's results.

Stronger-than-expected new U.S. home sales data also mitigated some of the uncertainty coming out of Washington.

Trump told reporters at the United Nations in New York that a U.S/China deal could come sooner "than you think." Both countries have been engaged in trade negotiations since last year. The back and forth between China and the U.S. has sent ripples through global financial markets as investors assess the trade war's impact on the global economy

The so-called transcript was released after House Speaker Nancy Pelosi said Tuesday she will launch a formal impeachment inquiry on Trump.

Pelosi's announcement follows a call in which Trump allegedly pressured Ukrainian President Volodymyr Zelensky to investigate former Vice President Joe Biden's family. Trump has admitted to bringing up Biden on the call — tweeting he will release a transcript of it — but denies pressuring Zelensky.

The call is believed to be part of an intelligence community whistleblower complaint Democrats have asked the administration to release. They say the complaint would hold details not available in the call's transcript.

Prices for the benchmark 10-year U.S. Treasury were lower, making yields spike to 1.71%, from Tuesday's 1.66%. Treasury prices and yields move in opposite directions

Oil prices sank $1.05 to $55.76 U.S. a barrel.

Gold prices lost $24.20 to $1,516.00 U.S. an ounce.

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