Markets in Toronto cleared breakeven at the open on Thursday, aided largely by tech and real-estate concerns.
The TSX gained another 68.18 points to open trading Thursday at 34,195.51.
The Canadian dollar sagged 0.06 cents at 73.06 cents U.S.
Among after-the-bell results on Wednesday, specialty label maker CCL Industries' fourth-quarter revenue missed estimates. CCL shares opened Thursday down $2.24, or 2.5%, to $86.77.
Design and consulting firm Stantec reported quarterly profit above estimates. Stantec shares tacked on 88 cents to $124.37.
On the economic front, Statistics Canada said the number of employees receiving pay and benefits from their employer—measured as "payroll employment" in the Survey of Employment, Payrolls and Hours—decreased by 35,400 (-0.2%) in December, following little change in November.
On a year-over-year basis, payroll employment was down 28,300 (-0.2%) in December.
ON BAYSTREET
The TSX Venture Exchange dipped 2.6 points to 1,084.32.
Seven of the 12 TSX subgroups were lower in the first hour, health-care and material stocks each falling 1.1%, and energy, flailing 0.5%.
The five gainers were led by information technology, up 1.7%, real-estate, 0.9% more solid, and industrials, stronger by 0.8%.
ON WALLSTREET
Stocks pulled back on Thursday as the latest results from tech titan Nvidia and software giant Salesforce weren’t enough to boost the broader
market.
The Dow Jones Industrial Average fell 79.87 points to 49,402.28.
The S&P 500 index lost 62.53 points to 6,883.60.
The NASDAQ stumbled 374.55 points, or 1.7%, to 22,779.35.
Nvidia shares were last lower by about 5%, even after the chip giant posted a fourth-quarter earnings and revenue beat. The decline put the stock on pace for its worst day since April. Other chip stocks such as Broadcom, Lam Research, Western Digital and Applied Materials all fell more than 6%.
On the flip side, Salesforce rose 2% after the software company’s latest quarterly results beat on the top and bottom lines. The move higher was kept in check by a disappointing fiscal 2027 revenue forecast. Salesforce has been one of the biggest victims of recent artificial intelligence disruption fears.
The financial and real estate sectors also moved up in the session, with stocks such as JPMorgan Chase taking on 0.7% and CBRE Group adding 1.6%.
Prices for the 10-year Treasury gained, lowering yields to 4.02% from Wednesday’s 4.05%. Treasury prices and yields move in opposite directions.
Oil prices dipped 45 cents to $64.97 U.S. a barrel.
Gold prices dulled $44.40 to $5,181.80 U.S. an ounce.
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