By Ketki Saxena
Investing.com – Canada’s main stock index, the S&P/TSX rebounded today, supported by higher oil prices, which boosted the heavyweight energy sector and supported the commodity heavy TSX.
Wall Street meanwhile traded on a muted note, as markets await tomorrow’s all-important US CPI data, and speeches from a slew of Fed policymakers this week.
Toronto Stock Market News
Dye and Durham (TSX:DND) shares jumped to the top of the TSX, after the company announced a strategic review of its non-core assets as the company seeks to reduce its debt. The software company says the review will examine a range of options, including the potential sale of its non-core assets.
First Quantum (TSX:FM) announced that it has begun reducing processing operations at its flagship Cobre Panamá mine after an illegal blockade at its Punta Rincón port. A survey of lawyers by Reuters, meanwhile, believes that Panama’s top court will likely rule against First Quantum in a few weeks, as it decides on the future of the contested contract for the mine.
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Toronto Stocks Moving Markets Today
Top Gainers on the TSX Today:
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In Canadian Economics
No major Canadian economic data expected
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All currencies Canadian Dollar unless noted otherwise.