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TSX Flat Despite Cautious Trade Optimism

Equities in Canada's largest market squired ahead on Thursday, on optimism over a possible trade deal between the United States and China

The S&P/TSX forged up 5.06 points to begin Thursday at 16,789.35

The Canadian dollar gained 0.11 cents at 75.51 cents U.S.

Scotiabank raised the target price on Recipe Unlimited to $35.00 from $34.00. Recipe shares gained 31 cents, or 1.2%, to $26.65.

National Bank of Canada raised the target price on Wesdome Gold Mines to $9.00 from $8.50. Wesdome shares fell 13 cents, or 2%, to $6.40.

On the economic slate, Statistics Canada reported that non-farm payroll employees earned an average of $1,027 per week in July, up 0.5% from the previous month.

On a year-over-year basis, earnings improved 2.7%.

ON BAYSTREET

The TSX Venture Exchange inched up 0.42 points to 578.80

All but three of the 12 Toronto subgroups were positive, as health-care climbed 1%, consumer staples bettered themselves 0.8%, and utilities gained 0.6%.

The three laggards were energy, down 0.2%, financials scaling back 0.03%, and communications, off 0.01%.

ON WALLSTREET

Stocks fell on Thursday after a whistleblower complaint against President Donald Trump was released. Traders also monitored the latest trade developments.

The Dow Jones Industrials removed 21.22 points to 26,949.49

The S&P 500 dipped 7.8 points to 2,977.03,

The NASDAQ Composite fell 36.2 points to 8041.19

Carnival and Vail Resorts are among those firm reporting earnings Wednesday. Vail shares gave back $1.64 to $234.51.

The whistleblower said in the complaint that Trump received information from U.S. officials that the president used his office to solicit interference from a foreign country ahead of the 2020 election.

Investors will hear more about the complaint when the acting director of National Intelligence, Joseph Maguire, testifies before the House Intelligence Committee.

The complaint raises more questions about Trump's political future as the House of Representatives launched an impeachment inquiry against Trump.

Prices for the benchmark 10-year U.S. Treasury hiked, lowering yields to 1.68%, from Wednesday's 1.73%. Treasury prices and yields move in opposite directions

Oil prices sank 62 cents to $55.87 U.S. a barrel.

Gold prices picked up six dollars to $1,518.30 U.S. an ounce.

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