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Stockhouse @ the Bell: TSX higher on cannabis while Wall Street flat

Stockhouse Editorial
0 Comments| March 5, 2019

Gains in cannabis shares helped push Canada’s main stock index to positive territory on Tuesday. Financials also grew, while the energy sector eventually pulled out lower. A day ahead of the Bank of Canada’s interest rate decision, China cancelled major Canadian agribusiness Richardson International Ltd.’s canola deal, which hurt the loonie versus the greenback. However, Wall Street ended lower with the benchmark S&P 500 index posting its fifth decline in six sessions due to economic growth worries and concerns on trade with China but were at least buoyed by positive retail earnings and data on the services and housing sectors.
The S&P/TSX Composite Index was up 48.41 points to 16,086.54, the TSX Venture Exchange was up 0.68 of a point to 623.18.
The Canadian dollar was down $0.0021 remaining at 75 cents.
Crude oil prices were down $0.02 to $56.57.
The price of gold was up $0.470 to $1,287.67.
In U.S. markets; the Dow slipped 13.02 points to 25,806.63, the S&P 500 dipped 3.16 points to 2,789.65, but the NASDAQ shed 1.21 points to 7,576.36.
In world markets; the Nikkei lost 95.34 points to 21,726.28, the Hang Seng added 2.01 points to 28,961.60, the FTSE grew 49.38 points to 7,183.43, and the DAX was up 28.15 points to 11,620.74.


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