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TSX Flat; Panama Court Begins First Quantum Mine Deliberations; Retail Sales Jump

Published 2023-11-24, 01:37 p/m
Updated 2023-11-24, 01:37 p/m
© Reuters.

By Ketki Saxena

Investing.com – The TSX traded just above the flatline by the afternoon as trading remained muted, while US stock indices closed mixed in a shortened day of trading.

Rising metal prices helped support the commodity-heavy Canadian index, while lower crude prices put a damper on the TSX’s energy subindex.

Toronto stock market news

Panama's top court has started deliberations to rule on First Quantum’s contract for the Cobre Panama mine. The decision will be much watched, with the uncertainty having wiped out roughly 50% the miner’s value in about a month. The mine under contention has now stopped operating at commercial levels.

For earnings, view our earnings calendar.

Toronto Stocks Moving Markets Today

Top Gainers on the TSX Today:

  • SilverCrest Metals Inc (TSX:SIL)
  • First Majestic Silver (TSX:FR)
  • Innergex Renewables (TSX:INE)

Top Losers on the TSX Today:

  • First Quantum (TSX:FM)
  • Brookfield Business (TSX:BBU_u)
  • Restaurant Brands International (TSX:QSR)

For all Toronto Stocks Moving Markets today, view our Canada Markets Page.

In Canadian Economics

Preliminary data from Statistics Canada shows that retail sales unexpectedly rose 0.8% in October, on a flash estimate basis. In September, retail sales jumped 0.6%, well above the flat reading economists had been expecting.

For all Canadian economic releases, view our economic calendar.

All currencies Canadian Dollar unless noted otherwise.

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