TSX Limps Higher, Sentiment Restrained Ahead of US CPI
By Ketki Saxena
Investing.com — Canada's main stock index, the S&P/TSX Composite, tracked Wall Street higher today, with tech stocks gaining ground.
However, sentiment remained contained ahead of US CPI data due Thursday, and big US bank earnings later this week.
Gains on the commodity heavy Canadian index were capped by a pull back in crude prices after a surprise build in US inventories.
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Canadian National Railway Co (TSX:CNR) received a downgrade from CIBC (TSX:CM), its second this week after a downgrade from TD (TSX:TD) earlier this week. Barclays (LON:BARC) meanwhile raised its target price on CN to $170 from $155.
Africa Oil (OTC:AOIFF) Corp (TSX:AOI) shares rose after it announced a farmout transaction related to its offshore Namibia interests.
Tilray (TSX:TLRY) shares extended their decline, falling to the bottom of the TSX after yesterday’s earnings miss.
Aritzia (TSX:ATZ) will report earnings after the bell today, expected to post its first quarterly revenue drop in three years. Shares of Aritzia have fallen nearly 50% over the past year.
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For all Canadian Stocks Moving Markets today, view ourCanada Markets Page.
No major Canadian economic data expected.
For all Canadian economic releases, view oureconomic calendar.
All currenciesCanadian Dollar unless noted otherwise.
