TSX Ends Marginally Higher

(RTTNews) - The Canadian stock market ended marginally higher after an extremely choppy session on Thursday.

The mood was cautious right through the session due to worries about global economic slowdown and continued uncertainty about a potential U.S.-China interim trade deal.

Weak crude oil prices weighed as well.

The benchmark S&P/TSX Composite Index ended up 14.19 points, or 0.08%, at 16,972.18, a new closing high.

On Wednesday, the index ended up 48.61 points, or 0.29%, at 16,957.99.

Cannabis shares tumbled, dragged down by disappointing earnings news from Canopy Growth Corporation (WEED.TO). Canopy Growth shares plunged more than 14%.

Aurora Cannabis (ACB.TO), Cronos Group (CRON.TO) and Hexo Corp (HEXO.TO) lost 5.3 to 6.5%. Aphria Inc. (APHA.TO) declined 1.52%.

Green Organic Dutchman Holdings (TGOD.TO) tumbled nearly 10%.

Among other notable losers, Enbridge Inc. (ENB.TO) shed 2.7% and Encana Corporation (ECA.TO) declined 1.8%.

Among the prominent gainers in the session, Ag Growth International (AFN.TO) climbed 7.7%. Home Capital Group (HCG.TO), Cineplex (CGX.TO), MTY Food Group (MTY.TO), Logistec Corporation (LGT.B.TO) and Canada Goose Holdings Inc (GOOS.TO) gained 2.5 to 5.4%.

Bombardier Inc. (BBD.B.TO), Yamana Gold (YRI.TO), Oceanagold Corp (OGC.TO) and B2Gold Corp (BTO.TO) ended higher by 1.3 to 2%.

On the economic front, Statistics Canada said the new housing price index of Canada was up 0.2% nationally in September—the largest increase in two years.

U.S. stocks turned in a lackluster performance once again. The S&P 500 inched up 0.1% to a new record closing high. The Dow and the Nasdaq both edged down by less than tenth of a percent.

Most of the markets in Europe closed lower, while Asian markets ended mixed.

In commodities, West Texas Intermediate Crude oil futures for December ended down $0.35, or about 0.6%, at $56.77 a barrel.

Gold futures for December ended up $10.10, or about 0.7%, at $1,473.40 an ounce, gaining for a second successive session.

Silver futures for December ended up $0.115 at $17.028 an ounce, while Copper futures for December settled at $2.6215 per pound, down $0.0180 from previous close.

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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