Stocks Flat at Open
Equities in Toronto slid on Tuesday, tracking weakness in global markets as investors braced for key earnings reports and a big U.S. interest rate hike this week, while e-commerce giant Shopify dropped on cutting 10% of its workforce. The TSX docked 8.59 points to open the Tuesday session at 19,095.89. The Canadian dollar fell 0.08 cents to 77.73 cents U.S. Investors are looking for results from commodity-linked companies including miner First Quantum Minerals later in the day and energy companies such as Enbridge and Imperial Oil this week. First Quantum opened Tuesday up 29 cents, or 1.5%, to $19.85. Enbridge shares took on 36 cents to $56.85. Imperial Oil shares added 97 cents, or 1.7%, to $58.14. Canada will examine the resiliency of telecom networks across the country before approving Rogers Communications’ proposed $20-billion purchase of Shaw Communications. Rogers started Tuesday off 22 cents to $60.05, while those for Shaw dipped 27 cents to $34.43. ON BAYSTREET The TSX Venture Exchange hesitated 0.35 points to 607.91.
Stocks Flat at Open
Equities in Toronto slid on Tuesday, tracking weakness in global markets as investors braced for key earnings reports and a big U.S. interest rate hike this week, while e-commerce giant Shopify dropped on cutting 10% of its workforce. The TSX docked 8.59 points to open the Tuesday session at 19,095.89. The Canadian dollar fell 0.08 cents to 77.73 cents U.S. Investors are looking for results from commodity-linked companies including miner First Quantum Minerals later in the day and energy companies such as Enbridge and Imperial Oil this week. First Quantum opened Tuesday up 29 cents, or 1.5%, to $19.85. Enbridge shares took on 36 cents to $56.85. Imperial Oil shares added 97 cents, or 1.7%, to $58.14. Canada will examine the resiliency of telecom networks across the country before approving Rogers Communications’ proposed $20-billion purchase of Shaw Communications. Rogers started Tuesday off 22 cents to $60.05, while those for Shaw dipped 27 cents to $34.43. ON BAYSTREET The TSX Venture Exchange hesitated 0.35 points to 607.91.