TSX flat as investors await earnings
Reuters
Published Apr 19, 2021 09:37
Updated Apr 19, 2021 10:24
(Reuters) -Canada's main stock index was little changed on Monday after hitting record highs last week, as investors held off from making big bets ahead of a busy week for corporate earnings.
At 9:40 a.m. ET (13:38 GMT), the Toronto Stock Exchange's S&P/TSX composite index was flat. Rogers Communication, Canadian Pacific Railway and Precision Drilling Corp are among the companies slated to report earnings this week.
* Canadian housing starts rose 21.6% in March compared with the previous month, easily beating expectations and hitting a new record, data from the Canadian Mortgage and Housing Corporation showed on Monday.
* The energy sector climbed 0.1% as U.S. crude prices were up 0.1% a barrel, while Brent crude was unchanged. [O/R]
* The financials sector gained 0.2%. The industrials sector rose 0.1%.
* The materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.4% as gold futures fell 0.4% to $1,772.8 an ounce. [GOL/] [MET/L]
* On the TSX, 100 issues were higher, while 120 issues declined for a 1.20-to-1 ratio to the downside, with 10.82 million shares traded.
* The largest percentage gainers on the TSX were Mullen Group, which jumped 4.4%, and Westport Fuel Systems, which rose 4.2%.
* Boralex fell 3.2%, the most on the TSX, while the second-biggest decliner was Lightspeed POS Inc, down 3.1%.
* The most heavily traded shares by volume were Bombardier, Nevada Copper and The Supreme Cannabis.
* The TSX posted 21 new 52-week highs and one new low.
* Across all Canadian issues there were 85 new 52-week highs and four new lows, with total volume of 27.45 million shares.
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Written By: Reuters
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