The TSX is down four points this morning, with energy the sole gainer this morning. The sector is up 1.2% after news that Sunni extremists have gained control over Iraq's second-biggest city, Mosul. Mosul has the nation's largest refinery. Crude oil prices have jumped 1.53% higher, while natural gas is 0.82% higher.
The biggest loser this morning is telecom, down 0.88%, followed by miners, which have shed 0.65%.
Canadian new housing prices in April edged up by 0.2%, matching the previous monthly rises. This translates to an annual 1.6% rate of increase, Statistics Canada said Thursday.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
