Baystreet.ca - Stocks in Toronto finished the day much like they started, in the red, as losses in energy hung over the index.
The TSX Composite Index remained negative on the day 58.9 points to 22,813.75.
The Canadian dollar lost 0.10 cents to 72.57 cents U.S.
Financial services firm Goeasy announced the pricing of a previously declared offering of senior unsecured notes and upsized it to $200 million. Goeasy shares hiked $9.10, or 4.7%, to $201.31.
Elsewhere, among individual stocks, Canfor (TSX:CFP) Corporation shares overcame earlier weakness and gained two cents to $14.89. after forest products company said CEO Don Kayne would retire by the year-end.
Energy weighed on the markets most heavily, with IPCO lower 68 cents, or 3.4%, to $19.62, while Baytex Energy (TSX:BTE) descended 12 cents, or 2.4%, to $4.99.
In industrials, Cargojet (TSX:CJT) fell $2.70, or 2%, to $130.51, while Finning International (TSX:FTT) let go of 45 cents, or 1.1%, to $39.65.
Consumer stocks also shot earthward, with Canada Goose (TSX:GOOS) jettisoning 58 cents, or 3.5%, to $15.99, while BRP Inc (TSX:DOO). surrendered $2.59, or 2.7%, to $94.43.
Tech stocks tried to restore the balance, with Sylogist up 33 cents, or 3.2%, to $10.62, while BlackBerry (TSX:BB) up seven cents or 2.4%, to $3.42.
In utilities, AltaGas (TSX:ALA) gathered 60 cents, or 1.9%, to $32.47, while Capital Power Corporation (TSX:CPX) picked up 56 cents, or 1.4%, to $41.34.
In gold, Kinross Gold (TSX:K) picked up 19 cents, or 1.6%, to $12.45, while Wesdome Gold (TSX:WDO) surged 26 cents, or 2%, to $13.23.
ON BAYSTREET
The TSX Venture Exchange turned around and gained 1.39 points to wrap up Tuesday at 583.44.
Four of the 12 TSX subgroups fell, with energy off 1.2%, materials down 0.7%, and gold dulling 0.5%.
The eight gainers oddly moved forward, led in part by information technology, up 0.6%, while utilities and gold each gained 0.4%.
The four laggards were weighed most by energy, doffing 1.4%, industrials, sliding 0.5%, and consumer discretionary stocks, down 0.2%.
ON WALLSTREET
The S&P 500 hovered near the flatline Tuesday as traders readied for earnings reports from major technology behemoths.
The Dow Jones Industrials changed course and fell 57.35 points to 40,358.09.
The much-broader index subtracted 8.67 points to 5,555.74.
The NASDAQ slid 10.22 points to 17,997.35.
Wall Street continued assessing the latest second-quarter earnings reports, with Google-parent Alphabet (NASDAQ:GOOGL) and Tesla (NASDAQ:TSLA) due to report after the bell. Those reports will mark the Street’s first look at how major tech-related names fared over the past three months.
UPS posted second-quarter results that missed on the top and bottom lines, sending the stock down 12% for its worst day on record.
Elsewhere, General Motors (NYSE:GM) easily beat analysts’ expectations but shares fell 6.4% as the automobile company delayed plans for its electric and autonomous vehicles.
Earnings season is off to a strong start. About 20% of S&P 500 companies have posted second-quarter results, with 80% of those names beating expectations
Prices for the 10-year Treasury gained ground, lowering yields to 4.25% from Monday’s 4.26%. Treasury prices and yields move in opposite directions.
Oil prices dipped $1.13 at $77.27 U.S. a barrel.
Gold prices jumped $13.00 to $2,407.700.