Canada's main stock index on Thursday retreated from the previous session's record ?high, dragged ?down by losses in mining and ?technology shares, ?as investors assessed the prospects ?of ?a U.S.-Iran peace ?deal ?alongside a ?slew of corporate ?earnings.
The TSX slid 52.03 points to approach midday at 36,094.39.
The Canadian dollar dipped 0.12 cents at 71.26 cents U.S.
Canadian Natural Resources beat second-quarter profit estimates on Thursday, benefiting from higher oil and natural gas production, while AtkinsRéalis and Quebecor also posted a rise in quarterly revenue.
Shares in Natural Resources moved higher 81 cents, or 1.3%, to $63.67, while those for Atkins grabbed $3.04, or 3.4%, to $92.94.
Quebecor shares regained $2.29, or 3.6%, to $65.74.
Restaurant Brands International beat overall same-store sales growth expectations for the second quarter, helped by resilient demand at its Burger King chain in the U.S.
The parent company of Tim Hortons fell $1.85, or 1.8%, to $102.40.
Lundin Mining and McEwen also reported a rise in second-quarter revenue late on Wednesday.
Lundin shares subsided 71 cents, or 1.8%, to $38.06. McEwen fell $2.39, or 8.6%, to $25.49.
At least six brokerages hiked price targets for Shopify after the e-commerce firm forecast quarterly revenue above estimates.
Shopify jumped $2.93, or 1.5%, to $204.82.
ON BAYSTREET
The TSX Venture Exchange faded 0.11 points to 923.72
Eight of the 12 TSX subgroups faded by noon hour, weighed most by information technology, dropping 2%, while consumer discretionary fell 1.4%, and consumer staples lost 1.3%.
The four gainers were led by telecoms, better by 2%, while gold and energy were both higher 0.4%.
ON WALLSTREET
The S&P 500 and NASDAQ moved higher on Thursday as traders kept an eye on the Middle East, with a deal to reopen the key Strait of
Hormuz in the works. Wall Street also weighed a slew of corporate earnings releases.
The Dow Jones Industrials plummeted 290.7 points, to greet noon hour at 54,058.42.
The S&P 500 sagged 7.66 points to 7,751.95.
The NASDAQ Composite inched up 7.64 points to 26,371.08.
NASDAQ’s rise was helped by gains in semiconductor stocks. Broadcom shares rose nearly 2%, while Marvell Technology climbed 3%. Nvidia also traded in the green.
However, Sandisk shares dropped 13%. The memory name posted fiscal fourth-quarter results that failed to impress investors.
Additionally, AppLovin tumbled 16% on mixed quarterly results, and Western Digital shed 18% as the company’s first-quarter forecast disappointed investors. Its fourth-quarter results topped expectations, however.
Prices for the 10-year Treasury hiked, lowering yields to 4.64% from Wednesday’s 4.61%. Treasury prices and yields move in opposite directions.
Oil prices recovered $1.63 to $76.85 U.S. a barrel.
Gold prices improved $2.50 to $4,307.70 U.S. an ounce.
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