Canada Shares Eke Out a Modest Gain
Canadian stocks ended higher, but major indexes were down from earlier highs as the rebound in the U.S. Nasdaq index sputtered, dragging Industrial Products issues lower. Still, gains in Oil & Gas and Financial Services shares limited the downside. The TSE 300 rose 46.76 points to 7686.60. Metals and Minerals stocks were also higher, while Gold & Precious Minerals issues were down. Breadth was 721-476 positive. Government of Canada bonds remained lower along with Treasuries. There was talk of some firms shifting allocations from bonds into stocks. Also, some profit taking hit shares after last week's flight to safety buying. Oil futures were lower ahead of Tuesday's API/DOE reports.
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