Equities in Canada’s largest centre opened lower on Tuesday as a dip in crude prices hurt energy stocks, while investors also awaited the Bank of Canada's monetary policy decision later in the week.
The TSX Composite Index backtracked 95.65 points to 22,777.
The Canadian dollar lost 0.04 cents to 72.63 cents U.S.
Financial services firm Goeasy announced the pricing of a previously declared offering of senior unsecured notes and upsized it to $200 million. Goeasy shares.
ON BAYSTREET
The TSX Venture Exchange slipped 1.21 points to open Tuesday at 580.84.
All three of the 12 TSX subgroups fell, with energy off 1.2%, materials down 0.7%, and gold dulling 0.5%.
The three gainers proved to be information technology, up 0.4%, communications, edging up 0.2%, and consumer staples, better by 0.1%.
ON WALLSTREET
The S&P 500 edged higher Tuesday, with traders readying for earnings reports from major companies after the benchmark posted its best day in more than a month.
The Dow Jones Industrials improved 51.07 points to 40,466.51.
The much-broader index gained 18.04 points to 5,582.45.
The NASDAQ hiked 89.63 points to 18,097.20.
Wall Street continued assessing the latest second-quarter earnings reports, with Google-parent Alphabet and Tesla due to report after the bell. Those reports will mark the Street’s first look at how major tech-related names fared during the second quarter.
General Motors posted second-quarter results that easily beat analyst expectations but shares dipped 4%. UPS missed on the top and bottom lines, sending the stock down more than 12%.
Earnings season is off to a strong start. About 20% of S&P 500 companies have posted second-quarter results, with 80% of those names beating expectations, FactSet data shows.
Prices for the 10-year Treasury gained ground, lowering yields to 4.22% from Monday’s 4.26%. Treasury prices and yields move in opposite directions.
Oil prices dipped 94 cents at $77.46 U.S. a barrel.
Gold prices jumped $9.10 to $2,403.80.
