Canadian Stocks Fail to Find Direction
Canadian stocks closed mixed in directionless trading. The TSE 300 fell 34.17 to 9287.70 after falling 26.49 Wednesday. The S&P/TSE 60 fell 3.46 to 551.38. Breadth was 781-471 positive. Shares in financial services, oil and gas, gold and precious minerals, and metals and minerals outperformed the industrial products, utilities, and consumer products sectors. Government of Canada bonds remained firmer after rallying Wednesday on the U.S. Federal Reserve Bank's 50-basis point rate cut. The March Canadian dollar settled higher at 66.95 cents against the U.S. dollar. March crude oil settled up $1.16 at $29.82. February gold settled up $2.90 at $268.50.
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