By Ketki Saxena
Investing.com -- The TSX tracked Wall Street lower today, as results from Netflix (NASDAQ:NFLX) and Tesla (NASDAQ:TSLA) weighed on the broader tech sector.
The commodity-heavy Canadian index did gain some support from crude prices, as prices inched higher driven by lower U.S. crude inventories and robust purchasing from China. However, a dampened demand outlook kept gains contained.
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In corporate news, Magna International (TSX:MG) - the Canadian auto parts manufacturer announced it will invest $790 million towards establishing three new supplier facilities.
Mullen Group (TSX:MTL), a leading logistics provider reported second-quarter revenue figures that fell slightly short of analysts' expectations at $494.3 million compared with a projected estimate of $495.2 million
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Dock workers along Canada's Pacific coast have withdrawn their strike notice initially scheduled for Saturday, following intervention from Prime Minister Justin Trudeau who convened an emergency meeting aimed at maintaining supply chain stability amidst potential disruptions.