Canada's main stock market, the Toronto Stock Exchange, on
Wednesday closed up 12 points, but was up 30 points with as many
minutes left and closed 40 points off mid-morning highs. The late
downward momentum scuppered hopes that the index might have another
go at reaching the 15,000 level, which would put it back within
firing range of the six year highs hit last week.
Sectors were mixed, but the one that appears to have had the
most impact is Financials which came under some late selling
pressure and was down 0.2% late on.
Of commodities, gold recovered from overnight and early North
America session lows after the release of weak Q1 U.S. GDP data and
closed little changed. Meanwhile, Bloomberg on Wednesday afternoon
reported that West Texas Intermediate crude rose for the first time
in three days after the federal government opened the door to more
U.S. oil exports. Brent, it said, dropped as Iraq pledged to
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