By Ketki Saxena
Investing.com – The TSX traded just above the flatline by the afternoon as trading remained muted, while US stock indices closed mixed in a shortened day of trading.
Rising metal prices helped support the commodity-heavy Canadian index, while lower crude prices put a damper on the TSX’s energy subindex.
Toronto stock market news
Panama's top court has started deliberations to rule on First Quantum’s contract for the Cobre Panama mine. The decision will be much watched, with the uncertainty having wiped out roughly 50% the miner’s value in about a month. The mine under contention has now stopped operating at commercial levels.
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In Canadian Economics
Preliminary data from Statistics Canada shows that retail sales unexpectedly rose 0.8% in October, on a flash estimate basis. In September, retail sales jumped 0.6%, well above the flat reading economists had been expecting.
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