Nov 19, 2019 (Baystreet.ca via COMTEX) —
Stock indexes in Toronto opened lower on Tuesday, easing from an all-time high hit in the previous session, after a drop in oil prices dragged down energy stocks.
The TSX Composite Index lost 41.49 points to lead off Tuesday at 16,983.62
The Canadian dollar inched 0.07 cents higher to 75.65 cents U.S.
TC Energy said it expects comparable earnings before interest, taxes, depreciation and amortization to exceed $10 billion in 2022, driven by long-term contracts and assets. TC shares galloped 39 cents to $68.32
About 3,000 workers of Canadian National Railway went on strike, after both parties failed to resolve contract issues. CN shares dropped 52 cents to $123.24.
Five months before an ambush killed 39 colleagues, local workers at a Semafo mine in Burkina Faso pleaded with managers to fly them to the site rather than go by a road that was prone to attacks. Semafo shares docked three cents, or 1.1%, to $2.72.
BMO resumed coverage on Altagas with an outperform rating and price target of $23. Altagas dropped a nickel to $20.00.
TD Securities cut the rating on Methanex to hold from buy. Methanex slid $2.06, or 3.9%, to $50.73.
Canaccord Genuity initiated coverage on HLS Therapeutics with a buy rating and a $22.50 target price. HLS shares increased 19 cents, or 1%, to $19.02.
On the macroeconomic front, Statistics Canada said this country’s manufacturing sales edged down 0.2% in September to $57.4 billion, following a 0.8% increase in August.
The TSX Venture Exchange faded 1.38 points at 523.54
The 12 Toronto subgroups were evenly divided, as health-care led the gainers, up 0.2%, while consumer staples and gold each inched up 0.1%
The half-dozen laggards were weighed most by energy, doffing 0.9%, real-estate, fading 0.7%, and industrials, off