Apr 03, 2019 (Baystreet.ca via COMTEX) — Canada’s main stock index forged just ahead of the breakeven line by the close on Wednesday, as heavier losses in energy seemed to teeter-totter against gains in consumer discretionary and utility issues.
The S&P/TSX Composite Index maintained gains of 15.99 points to end Wednesday at 16,279.86
The Canadian dollar inched backward 0.02 cents at 74.95 cents U.S.
Energy, as mentioned, took the worst bruising, as Suncor sank 47 cents, or 1.1%, to $43.50, while Imperial Oil gave back 42 cents, or 1.2%, to $36.19
Health-care ended up ailing by the close, with Bausch Health Companies trailing Tuesday’s close by 12 cents to $33.13, while Aurora Cannabis dumped 18 cents, or 1.5%, to $11.91.
Materials also felt the pinch, as Frontier Lithium surrendered 1.5 cents, or 4.1%, to 35 cents, while Agnico Eagle Mines settled 62 cents, or 1.1%, to $57.05
Among gainers, in the consumer discretionary field, Canadian Tire climbed 84 cents to $146.84, while Magna International improved 77 cents, or 1.1%, to $68.65.
Among utilities, Hydro One gained 13 cents to $20.93, and Fortis Inc. picked up 34 cents to $49.57.
Financials also surged, as CIBC collected 17 cents to $108.29, while Sun Life shone brighter by 52 cents, or 1%, to $52.73.
The TSX Venture Exchange regained 1.68 points to 627.38
The 12 Toronto subgroups were evenly split on the day, as consumer discretionary and utilities each gained 0.5%, while financials came out ahead 0.3%.
The half-dozen laggards were led by energy, off 1.5%, health-care, 0.5% to the bad, and materials, weaker by 0.4%.
Stocks rose slightly on Wednesday as investors cheered a nearing trade deal between the U.S. and China, though softer measures on payrolls and the service economy kept a lid on optimism.