Jul 05, 2018 (Baystreet.ca via COMTEX) —
Markets in Canada’s largest centre edged lower on Thursday, led by energy stocks, which lost ground due to a drop in commodity prices.
The S&P/TSX Composite Index descended 38.11 points to finish Thursday at 16,266.61
The Canadian dollar eked up 0.06 cents at 76.15 cents U.S.
Utilities proved the top gaining group Thursday, as Hydro One marched ahead 12 cents to $20.25. Fortis Inc. climbed 34 cents to $42.41.
Among gold concerns, Goldcorp tacked on five cents to $18.50, while Kinross Gold added four cents to $5.10.
Telecoms moved into the green with Rogers Communications acquiring 46 cents to $62.87, and Shaw Communications inching up nine cents to $26.70.
Among energy issues, Imperial Oil scaled back 13 cents to $43.42, while Enbridge gave back 70 cents, or 1.5%, to $46.14
Consumer staples also got cuffed around, as Metro Inc. dished off 64 cents, or 1.4%, to $43.93, while Loblaw Companies lost 75 cents a share, or 1.1%, to $66.35.
In the consumer discretionary sector, Canadian Tire doffed 58 cents to $170.57, and Gildan Activewear shed nine cents to $36.19.
Airbus Chief Executive Tom Enders said on Wednesday he expects to see the first results of the company’s new majority stake in Bombardier’s CSeries jetliner program within weeks. Bombardier shares traded higher by 17 cents, or 3.4%, higher to $5.18
The TSX Venture Exchange gained 3.16 points to 741.91
The 12 TSX subgroups were evenly split Thursday, with utilities shooting 0.8% higher, while gold and telecoms each added 0.3%.
The half-dozen laggards were weighed most heavily by energy, fading 0.9%, consumer staples, sliding 0.8%, and consumer discretionary stocks off 0.4%.
Stocks closed higher on Thursday as tech shares rose, but investors remained on edge as the U.S. prepared to slap