The TSX limped into Christmas little changed, in thin trading.
The TSX lost 58,87 points to close Wednesday at 31,999.76. In an abbreviated week, the index gained 472 points, or 3.3%.
The Canadian dollar edged up 0.06 cents to 73.13 cents U.S.
In corporate updates, First Quantum Minerals announced that its wholly-owned subsidiary Cobre Las Cruces has entered into a binding agreement to sell the Las Cruces mine in Spain for up to $190 million to Global Panduro.
First Quantum shares dipped 38 cents, or 1%, to $36.67.
Tech stocks led gainers, as Bitcoin added seven cents, or 1.8%, to $3.70, while Blackline Safety took on 11 cents, or 1.7%, to $6.66.
In telecoms, BCE grabbed 35 cents, or 1.1%, to $31.48, while TELUS progressed nine cents to $17.52.
Financials gained, too, with TD tacking on 42 cents to $129.34, while RBC accumulated 10 cents to $234.15.
Health-care suffered, though, as Curaleaf dropped 10 cents, or 2.6%, to $3.75, while Bausch Health Companies lost 23 cents, or 2.3%, to $9.81.
In metals, GMining dipped $1.24, or 2.6%, to $3.75, while Perpetua Resources fell $1.45, or 3.8%, to $36.61.
Gold skidded, with Seabridge Gold stumbling $1.22, or 2.8%, to $42.19, while New Gold ditched 32 cents, or 2.5%, to 12.38.
The TSX closed at 1 p.m. ET on Christmas Eve and will stay closed Thursday for Christmas Day.
ON BAYSTREET
The TSX Venture Exchange surged 5.72 points to 996.40. On the week, the index has gained 41.79 points, or 4.3%.
Eight of the 12 TSX subgroups improved by the bell, as information technology muscled up 0.6%, telecoms, better 0.5%, and financials richer by 0.4%.
The four laggards were weighed most by health-care, ailing 2%, while gold lost 1.2%, and materials fell 1%.
ON WALLSTREET
The S&P 500 rose to a new all-time high on Wednesday after notching a record close in the prior trading day.
The Dow Jones Industrials leaped 288.75 points to close the last session before Christmas at 48,731.6.
The broader index took on 22.26 points to 6,932.05, yet another all-time high.
The NASDAQ recovered 51.46 points to 23,613.31.
Nike was among the day’s winners, advancing around 5% after Apple CEO Tim Cook disclosed he bought shares in the apparel maker.
Micron Technology was another standout, with shares up more than 4%.
Stocks were coming off a winning session, led by tech names including Google parent Alphabet, Nvidia, Broadcom and Amazon
Those moves came after the Commerce Department issued its a third-quarter reading of the U.S. gross domestic product that came in at 4.3%, surpassing the Dow Jones consensus estimate of 3.2%.
The report, which had been delayed by the government shutdown, initially led traders to lower their expectations of interest rate cuts early next year. However, fed funds futures trading still indicates two rate cuts by the end of 2026.
Investors continue to hope for the coveted Santa Claus rally, a year-end stock market surge that occurs between the last five trading days of the year and the first two of the new year — in this case from the opening bell on Dec. 24 until Jan. 5.
The New York Stock Exchange closed early on Wednesday at 1 p.m. ET on Christmas Eve and will be closed Thursday for Christmas Day.
Prices for the 10-year Treasury gained back, lowering yields to 4.14% from Tuesday’s 4.17%. Treasury prices and yields move in opposite directions.
Oil prices eased two cents to $58.36.
Gold prices dropped $2.50 to $4,403.20
