Equities in Canada’s largest financial centre were slightly lower in early trade on Thursday, with energy and financial stock losses offset by gains for miners and railway stocks.
The S&P/TSX Composite dipped 60.47 points to open Thursday at 13,976.27, as relief from the Brexit gloom began to lose some starch.
The Canadian dollar fell 0.26 cents to 77.06 cents U.S.
Markets will be closed in Canada on Friday for Canada Day
Bombardier will soon get the certification of the larger of its CSeries jet family, after delivering its first 110-seater CS100 plane, the smaller model, to Swiss International Airlines.
Bombardier shares were unchanged at $1.95.
Laurentian Bank of Canada said it would buy CIT Group Inc's Canadian equipment financing and corporate financing business, a portfolio worth about $1 billion.
Laurentian shares capsized $1.51, or 3.1%, to $48.04.
BMO raised the rating on Baytex Energy to market perform from underperform
Baytex shares gave back 18 cents, or 2.4%, to $7.46.
RBC cut the price target on Canadian Imperial Bank of Commerce to $104.00 from $106.00.
CIBC shares lost 61 cents to $97.36.
It’s a busy day on the economic slate, with average weekly earnings reported by Statistics Canada for April at $956.00 in April, down 0.3% from the month before and 0.2% from 12 months earlier.
The agency also reported its industrial product price index progressed 1.1%, in May, mostly due to higher energy prices, while its raw materials price index rose 6.7% in the same month, also due to higher energy prices.
Finally, gross domestic product edged up 0.1% in April, after falling in February and March. Gains, notably in manufacturing, utilities and the public sector were largely offset by sharp drops in non-conventional oil extraction.
ON BAYSTREET
The TSX Venture Exchange poked ahead 2.29 points to begin Thursday at 723.39
Eight of the 13 subgroups were lower in the first hour, with energy deferring 1.2%, health-care down 0.8%, and consumer staples off 0.6%.
The five gainers were led by metals and mining, stronger by 0.8%, while gold picked up 0.5%, and information technology, nosing up 0.04%.
ON WALLSTREET
U.S. stocks traded mixed on Thursday, amid oil losses, as a massive rally following the United Kingdom referendum slowed down.
The Dow Jones Industrials gained 47.93 points to 17,742.61, Boeing and Goldman Sachs contributing the most gains.
The S&P 500 inched up 1.75 points at 2,072.52, with industirals leading eight sectors higher and energy and telecommunications as the only decliners.
The NASDAQ Composite Index jumped 1.84 points to 4,781.09.
In corporate news, film studio Lions Gate said it would buy Starz for $4.4 billion U.S. in a cash-and-stock deal.
On the data front, weekly jobless claims came in at 268,000, slightly above the expected 267,000. The Chicago Purchasing Managers’ Index reading for June came in at 56.8, well above a May reading of 49.3.
Prices for the 10-year Treasury were higher, weighing yields to 1.49% from Wednesday’s 1.51%. Treasury prices and yields move in opposite directions.
Oil prices swooned $1.20 a barrel to $48.68 U.S.
Gold prices shaved off $5.20 to $1,321.70 U.S. an ounce.
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