By Ketki Saxena
Investing.com -- The TSX traded flat in afternoon trading, weighed down by the communications sector.
On Wall Street meanwhile, the tech-heavy Nasdaq and the S&P 500 edged higher in choppy trading as investors gear up for results from big tech companies Alphabet (NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT) after the close today, and an interest rate decision from the US Federal Reserve tomorrow.
The commodity-heavy Canadian index meanwhile gained some support from crude and metal prices, after China announced it would accelerate economic policy adjustments designed to support domestic demand and improve market confidence.
The Biggest Stories on Bay Street
Quebecor (TSX:QBRa) shares fell after a CRTC decision that will set the rate Quebecor pays Rogers Communications (TSX:RCIa) when it offers services utilizing the Rogers' wireless network.
TMX Group (TSX:X) shares slipped after RBC (TSX:RY) downgraded the stock to “sector perform” from “outperform.”
TC Energy (TSX:TRP) fell after CIBC (TSX:CM) downgraded the stock to “neutral” from “outperformer.”
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In Canadian Economics
Advance results from Statistics Canada show that manufacturing sales decreased 2.1% in June, led by a decline in petroleum and coal product, chemical, and food product industries.