TSX At 10 am -- Up 38 Points; Hit Another Record High Earlier; All Sectors In The Green


Shutterstock photo

Canadian stocks opened higher Wednesday and hit another record high of 15517 after data showed U.S. economic growth in the second quarter was stronger than expected. U.S. economic growth accelerated more than expected in the second quarter with GDP rising at a 4% annualized rate, compared with a revised 2.1% drop in the first quarter.

Hiring by U.S. companies, however, came in below expectations, according to a report by a payrolls processor.

Industrial product prices in Canada slipped by 0.1% in June from May as prices for motorized and recreational vehicles were lower due to a stronger Canadian dollar, Statistics Canada said.

All sectors are in positive territory today, with info tech the biggest gainer, up 1.8%, followed by healthcare, up 1.45%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks:

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by BankRate.com