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Market Summary Article

S&P/TSX Composite Index

16,278.40 real time data change up
Change: 27.65 (0.17%)

S&P/TSX Venture Composite Index

678.19 real time data change down
Change: -2.80 (-0.41%)
12:08 PM EDT, September 15, 2017
Stocks on Flatline at Open

Canada's main stock index turned negative shortly after the open on Friday, as the energy and financial stocks led broad declines.

The S&P/TSX Composite Index fell 8.85 points to open Friday at 15,163.87

The Canadian dollar dipped 0.03 cents to 82.21 cents U.S.

Greece granted Eldorado Gold another permit for its Olympias mining project in an attempt to defuse tension with the Vancouver-based company, which had threatened to halt investment in the country.

Eldorado shares fell five cents, or 1.7%, to $2.85.

TD Securities raised the price target on Altius Minerals to $17.00 from $16.50. Altius shares gained 22 cents, or 1.8%, to $12.25.

TD Securities raised the price target on Empire Company to $25 from $20

Empire Company shares gained 53 cents, or 2.3%, to $23.14.

Pyongyang fired a missile that flew over Japan's northern Hokkaido far out into the Pacific Ocean on Friday, ratcheting up tensions after the country's recent test of its most powerful nuclear bomb.

On the economic slate, the Canadian Real Estate Association reported national home sales rose 1.3% from July to August.

Also, Bank of Canada senior deputy governor Carolyn Wilkins said on Thursday, that while the central bank's inflation targeting regime has worked well, the central bank is open to alternatives and wants to communicate in a way that avoid unproductive volatility


The TSX Venture Exchange regained 5.08 points to 776.24

Eight of the 12 TSX subgroups were negative to start out, as energy and gold each lost 0.4%, while materials slid 0.3%.

The four gainers were led by consumer discretionary issues, up 0.6%, health-care shares picked up 0.3%, and real-estate advanced 0.2%


U.S. equities closed mostly lower on Thursday after strong inflation data raised the possibility of tighter monetary policy from the Federal Reserve.

The Dow Jones Industrials gained 13.25 points to a new record of 22,216.73, with Boeing contributing the most to the gains.

The S&P 500 faltered 2.32 points to 2,493.30, with telecommunications leading advancers and tech lagging.

The NASDAQ dropped 0.63 points to 6,428.45

The three major indexes entered Friday having gained at least 1%.The Dow, S&P and NASDAQ have all set record highs since Monday.

The U.S. Labor Department said Thursday the Consumer Price Index rose 1.9% last month on a year-over-year basis. Experts say market expectations for a December Fed rate hike are now at 52.9%.

Wall Street digested two key data sets Friday ahead of the Fed's meeting. Retail sales for August fell 0.2%. Economists expected a 0.1% gain. Meanwhile, industrial production fell nearly 1% last month.

On a day light in earnings news, TEN Ltd. is set to report

Prices for the benchmark 10-year Treasury note were lower, raising yields to 2.2% from Thursday's 2.19%. Treasury prices and yields move in opposite directions.

Oil prices gave back a cent to $49.88

Gold prices stepped back $1.90 to $1,327.40 U.S. an ounce.

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