Canadian Market Up Marginally In Lackluster Trade
(RTTNews) - Canadian stocks are moving in a tight band in lackluster trade on Thursday as investors look for directional clues. Trading volumes are quite thin as U.S. financial markets are closed today in honor of former U.S. President Jimmy Carter, who died in late December at age 100.
Investors are looking ahead to monthly jobs data from Canada and the U.S.
Materials stocks are up on firm bullion prices. Shares from the communications sector are exhibiting weakness. Industrials and utilities shares are among the other notable losers.
The benchmark S&P/TSX Composite Index was up 24.79 or about 0.1% at 25,076.47 a little while ago.
Lundin Gold (LUG.TO) is up 6.5%. Capstone Copper (CS.TO) is gaining 5.3%, while First Quantum Minerals (FM.TO), Osisko Gold Royalties (OR.TO), International Petroleum Corp (IPCO.TO), Teck Resources (TECK.B.TO), High Liner Foods (HLF.TO), EQB Inc (EQB.TO), TerraVest Industries (TVK.TO), Telesat Corporation (TSAT.TO) and Pan American Silver Corp (PAAS.TO) are up 2 to 3.5%.
Richelieu Hardware (RCH.TO), Bombardier Inc (BBD.B.TO), MDA Space (MDA.TO), BCE Inc (BCE.TO) and ATS Corporation (ATS.TO) are down 1 to 2.3%.
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