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Tsx Flat Despite Crude Oil Rebound -- Canadian Commentary


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(RTTNews.com) - Canadian stocks were flat Thursday as crude oil prices rebounded from 2-month lows.

The TSX Composite Index added 8.85 points to 16,192.78, with concerns about the breakdown in trade relations between the U.S. and Canada continuing to weigh on sentiment. U.S. and European stocks posted stronger gains.

WTI light sweet oil was up $1 at $65.78 a barrel at last check.

Flexiti Financial will announce Thursday it is acquiring Toronto-Dominion Bank's (TD.TO) Canadian private label credit card portfolio for $250 million, according to BNN. TD shares were flat.

Saputo Inc. (SAP.TO) revealed earnings for fourth quarter that fell from the same period last year.

The company's bottom line came in at C$130.0 million, or C$0.34 per share. This compares with C$165.2 million, or C$0.42 per share, in last year's fourth quarter. Shares rose 4.3 percent.

Thomson Reuters (TRI, TRI.TO) announced the company plans to buy back up to an additional $1 billion of its shares under a new repurchase program. The buyback program is in addition to the $500 million repurchase program that the company announced in May 2018. Shares rose 2 percent.

Brick Brewing Co. Limited (BRB.TO) said each of the six nominees listed in the management information circular dated May 4, 2018 were elected as directors of the Company.

A Quebec judge dismissed insider-trading charges against the former Amaya CEO.


Read the original article on RTTNews (http://www.rttnews.com/2903033/tsx-flat-despite-crude-oil-rebound-canadian-commentary.aspx)


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This article appears in: Stocks , World Markets , Politics
Referenced Symbols: TD ,


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