TSX fails to find lift
Oct 15, 2012 / 6:42 am
The Toronto stock market was little changed despite positive economic data and earnings.
The S&P/TSX composite index slipped 11.88 points to 12,190.16 while the Canadian dollar gained 0.12 of a cent to 102.23 cents US.
New York indexes fared better with the Dow Jones industrials up 32.83 points to 13,361.68 as Citigroup turned in earnings per share for the third quarter of $1.06 excluding extraordinary items, a dime better than analyst estimates. The Nasdaq composite index gained 13.1 points to 3,057.21 while the S&P 500 index was ahead 4.46 points to 1,433.05.
Buyers were also encouraged by data showing that U.S. retail sales rose 1.1 per cent in September, better than the 0.8 per cent gain that was expected.
Other data showed that China's consumer price index for September rose 1.9 per cent from a year earlier, down from a two per cent advance during August. Another report showed that China's international trade surplus widened to $27.7 billion as exports unexpectedly jumped 9.9 per cent year over year.
Oil fell 60 cents to US$91.26 a barrel.
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