Jul 05, 2018 (Baystreet.ca via COMTEX) —
Markets in Canada’s largest market 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 30.86 points to greet noon hour at 16,273.86
The Canadian dollar inched up 0.09 cents at 76.18 cents U.S.
Gold miners Yamana Gold’s 2.5% fall – which amounted to 10.5 cents to $4.065 and First Quantum Minerals’ 10-cent loss to $18.31, weighed the most on the materials sector.
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 were trading higher by 11.5 cents, or 2.3%, higher to $5.125
Among the biggest percentage gainers were Mullen Group, which jumped 28 cents, or 1.8%, to $15.56, and Brookfield Infrastructure Partners, which rose $1.25, or 2.4% to $53.63, gaining for the second day after agreeing to buy Enbridge’s Canadian natural gas gathering and processing business. Enbridge edged up three cents to $46.87
Centerra Gold fell 60 cents, or 8%, to $6.93, and was the biggest loser on the TSX after the gold miner said it was seeking a permit to procure more short- and long-term water sources through to 2020 for its Mount Milligan Mine.
The second biggest decliner was Pason Systems, down 34 cents, or 1.6%, to $20.91
The TSX Venture Exchange stayed positive 1.56 points to 740.31
All but three of the 12 TSX subgroups lost ground midday, as energy dipped 0.6%, while consumer staples lost 0.5%, and industrials slipped 0.4%.
The three gainers were gold, up 0.7%, while health-care advanced 0.3%, and utilities, acquired 0.2%.
Stocks traded higher on Thursday as tech shares rose, but investors remained on edge as