TSX in Red at Open over Middle East Concerns
Canada's main stock index opened lower on Thursday, dragged down by consumer discretionary shares, as caution prevailed over heightened tensions in the Middle East and possible U.S. involvement in the conflict.
The TSX Composite Index fell back 64.83 points to open light trading on Thursday at 26,495.02
The Canadian dollar skidded 0.16 cents to 73 cents U.S.
Empire Company is in the forefront today on declaring Q4 earnings. Empire shares ballooned $3.60, or 6.9%, to $55.50.
Much the same attention is to be paid to Patriot Metals, also displaying Q4 earnings. Patriot stock faded 5.5 cents, or, 2.6%, to $2.02.
Investors now await Canadian retail sales data for April on Friday to assess whether consumer spending has been resilient in the face of tariff uncertainty.
U.S. President Donald Trump kept the world guessing about whether the United States will join Israel's bombardment of Iranian nuclear sites, saying "I may do it. I may not do it."
ON BAYSTREET
The TSX Venture Exchange dipped 1.8 points to 716.84.
Eight of the 12 TSX subgroups were lower in the first hour, with health-care sliding 0.7%, consumer discretionary shares 0.6%, and materials dumping 0.5%.
The four gainers were led by health-care, improving 0.6%, consumer staples, better by 0.5%. and telecoms, ahead 0.4%.
ON WALLSTREET
U.S. markets are closed Thursday for the “Juneteenth” holiday.
