June's AI-picked stock updates now live. See what's new in Tech Titans, up 28.5% year to date.Unlock Stocks

TSX flat as miners, pot producers offset weak U.S. data

Published 2019-10-03, 11:28 a/m
© Reuters.  TSX flat as miners, pot producers offset weak U.S. data
GM
-
AUYN
-
GOLD
-
GSPTSE
-
BNS
-
LNR
-
TD
-
TXG
-
GSPTTMT
-
SPTTEN
-
WEED
-
APHA
-
ACB
-

(Updates throughout, adds details)

Oct 3 (Reuters) - Canada's main stock index was flat on Thursday, as gains in cannabis producers and miners offset early weakness following poor readings on U.S. services sector activity.

* At 11:14 a.m. ET (1514 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 15.11 points, or 0.09%, at 16,326.08.

* The index had fallen about 0.5% earlier after the latest numbers from the United States, the world's largest economy, showed services sector growth slowed to its most anemic pace in three years last month. That added to a string of poor data from the euro zone on Thursday amid growing evidence that the world economy was taking a toll from the bruising U.S.-China trade war.

* Miners .GSPTTMT jumped, with shares in Torex Gold Resources TXG.TO , Yamana Gold Inc YRI.TO and Barrick Gold ABX.TO rising between 3% and 5%, as the safe-haven appeal of the metal got a boost in the wake of the data.

* Weed companies were among the top gainers, with shares in Aurora Cannabis ACB.TO jumping 4% after the company provided positive updates on global operations. Shares of Aphria Inc APHA.TO and Canpoy Growth WEED.TO gained about 2%.

* The top decliner in Canada's main index was manufacturing firm Linamar Corp LNR.TO , which slumped 12.4% after warning of the negative impact on its earnings from trade uncertainties and an autoworkers' strike at General Motors (NYSE:GM) GM.N .

* A slide in oil price below $57 a barrel due to signs of excess supply and global growth worries drove the energy index .SPTTEN down 0.8%. O/R

* The most heavily traded shares by volume were Aurora Cannabis, Toronto-Dominion Bank TD.TO and Bank of Nova Scotia BNS.TO .

* The TSX posted two new 52-week highs and nine new lows.

* Across all Canadian issues, there were nine new 52-week highs and 33 new lows, with total volume of 121.68 million shares.

* On the TSX, 124 issues were higher, while 103 issues declined for a 1.20-to-1 ratio favoring gainers, with 76.14 million shares traded.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.