Market Summary:
Canada's main stock index closed up on Wednesday, led higher by National Bank and other financial stocks, but gains were offset by declines in materials and energy stocks, which were affected by lower oil prices.
National Bank of Canada, which reported better than forecast quarterly results, was among the biggest positive drivers of the index, rising 3.5 per cent. The overall financials group added 0.7 per cent.
Oil and gas companies were down 0.14 per cent, after falling further in earlier trading as lower oil prices weighed.
Crude remained under pressure as historic flooding and damaging from Topical Storm Harvey shut more than 20 per cent of U.S. refineries, curbing demand for oil, while raising the risk of fuel shortages.
Markets initially rattled by North Korea's missile test launch over Japan calmed later in the session.
From a Reuters report published by the
Globe and Mail
Market Quotes:
The S&P/TSX Composite Index rose 50.43points to 15,133.13 while the TSX Venture Exchange was down 4.08 points to 772.92.
The Canadian dollar dropped $0.0064 to 79 cents.
Crude oil prices eased $0.46 to $45.98.
The price of gold fell $00.70 to $1,307.99
In U.S. markets; the Dow was up 27.06 points to 21,892.43, the S&P 500 gained 11.29 points to 2,457.59, and the NASDAQ advanced 66.42 points to 6,368.31.
In world markets: the Nikkei rose 143.99 to 19,506.54 and the Hang Seng climbed 329.60 to 28,094.61. The FTSE advanced 27.83 points to 7,365.26 and the DAX added 56.59 to 12,002.47.