The TSX is up 9 points this morning on mostly positive sectors. Healthcare (+0.83%) and info tech (+0.38%) are the biggest gainers, with energy, the biggest loser, shedding 0.35%.
Oil is down 0.83% to US$48.92, and Action Economics ( AE ) said increasing U.S. shale production and high inventories of refined products in the U.S. will continue to limit upside potential, while uncertainty remains over whether or not OPEC/NOPEC will extend their production cuts beyond June.
The U.S. House of Representatives and the Senate on Friday passed a stop-gap spending bill to avoid a government shutdown. Negotiators agreed on a US$1 trillion budget.
The pace of growth in the Canadian manufacturing sector ticked up in April to its highest level in six years -- Markit Canada Manufacturing PMI, rose to a seasonally adjusted 55.9 last month from 55.5 in March.
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