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MarketScreener Homepage  >  Indices  >  Toronto Stock Exchange  >  S&P/TSX Composite index    0000   XC0009695252

S&P/TSX COMPOSITE INDEX

(0000)
Delayed Quote. Delayed Toronto Stock Exchange - 08/23 04:51:59 pm
16037.58 PTS   -1.33%
08/23TSX falls 1.33 percent to 16,037.58
RE
08/22TSX falls  0.34 percent to 16,253.46
RE
08/21TSX rises  0.59 percent to 16,309.23
RE
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TSX flat as upbeat earnings offset energy losses

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08/01/2019 | 10:42am EDT
The Toronto Stock Exchange sing is seen in Toronto

(Reuters) - Canada's main stock index treaded water on Thursday as upbeat earnings from companies including Shopify countered losses in energy shares on the back of lower crude prices.

Shopify Inc rose 8% after the e-commerce company raised its full-year revenue forecast and reported a quarterly profit that handily beat Wall Street estimates, as the investments to attract customers to its product offerings paid off.

The energy sector, which accounts for nearly a fifth of the index's weight, dropped 1.9%, the most among the major Canadian sectors trading lower.

Oil prices fell for the first time in six days, after the U.S. Federal Reserve dampened hopes for a string of interest rate cuts and as rising U.S. output helped keep the market well supplied.

A rising dollar makes oil more expensive for holders of other currencies and tends to weigh on commodities priced in the U.S. currency. The dollar hit a two-year peak against the euro on Thursday after the Fed decision. [USD/]

The U.S. central bank reduced borrowing costs by a widely expected quarter of a percentage point on Wednesday, but Fed Chairman Jerome Powell signaled a series of further cuts was unlikely, leading to a sharp selloff.

At 9:49 a.m. ET (1349 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 2.58 points, or 0.02%, at 16,403.98.

The materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.4% as gold futures fell 1.5% to $1,404.7 an ounce. [GOL/] [MET/L]

Thomson Reuters Corp's shares rose 2.1% after the news and information provider raised its sales and core profit outlook for 2019 and 2020.

The largest percentage gainer on the TSX was Spin Master Corp, which jumped 12.9% after the company's quarterly profit topped estimates.

Element Fleet Management Corp followed closely behind with a 8.5% rise after its second-quarter revenue beat expectations.

Hudbay Minerals plunged 21.1%, the most on the TSX, after a court ruling barred the company from proceeding with construction at its Rosemont project in Arizona.

The second-biggest decliner was Bombardier, down 17.6%, after the plane and train maker lowered its full-year core earnings and free cash flow forecasts.

On the TSX, 115 issues were higher, while 119 issues declined for a 1.03-to-1 ratio to the downside, with 36.15 million shares traded.

The most heavily traded shares by volume were Bombardier , Encana Corp and Trevali Mining.

The TSX posted four new 52-week highs and three new lows.

Across all Canadian issues, there were 10 new 52-week highs and 13 new lows, with total volume of 52.86 million shares.

(Reporting by Amy Caren Daniel in Bengaluru; Editing by Maju Samuel)

Stocks mentioned in the article
ChangeLast1st jan.
BOMBARDIER, INC. -8.14% 1.58 Delayed Quote.-15.76%
ENCANA CORP -3.00% 5.5 Delayed Quote.-28.05%
S&P/TSX COMPOSITE INDEX -1.33% 16037.58 Delayed Quote.13.48%
TREVALI MINING CORP -2.63% 0.185 Delayed Quote.-54.22%
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Chart S&P/TSX COMPOSITE INDEX
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S&P/TSX Composite index Technical Analysis Chart | MarketScreener
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Technical analysis trends S&P/TSX COMPOSITE INDEX
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Top / Flop S&P/TSX COMPOSITE INDEX
CARGOJET INC 102.33 Delayed Quote.12.86%
YAMANA GOLD INC. 4.83 Delayed Quote.10.02%
PRETIUM RESOURCES INC 18.06 Delayed Quote.9.65%
IAMGOLD CORP 4.86 Delayed Quote.8.97%
KINROSS GOLD CORPORATION 6.69 Delayed Quote.7.73%
NEXGEN ENERGY LTD 1.59 Delayed Quote.-7.56%
MEG ENERGY CORP 4.61 Delayed Quote.-7.98%
BOMBARDIER, INC. 1.58 Delayed Quote.-8.14%
NUVISTA ENERGY LTD 1.5 Delayed Quote.-9.09%
BIRCHCLIFF ENERGY LTD. 1.93 Delayed Quote.-9.39%
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