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TSX Down 30 Points as Materials Retreat

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The TSX is down 30 points this morning on mostly negative sectors. Miners are the biggest decliner, shedding 0.69%, followed by financials, down 0.23%.

Crude oil is now trading at US$53.24. Action Economics said record crude and gasoline inventories this week in the U.S., along with continued signs of rising production in North America, have had a capping influence on the market in the face of OPEC-led supply trimming.

Enbridge (ENB.TO, ENB) reported Friday adjusted earnings were $522 million or $0.56 per common share for the fourth quarter and $2,078 million or $2.28 per common share for the full year. The $0.56 missed forecasts around $0.58 as expenses jumped more than 10% in the period.

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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.

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