Canada’s main stock index opened slightly lower on Tuesday in thin trading volumes, hurt by telecom stocks, as investors clocked in for a half-day trading session on Christmas Eve.
The TSX deleted 28.46 to open Christmas Eve Day at 24,720.52.
The Canadian dollar dropped 0.04 cents to 69.52 cents U.S.
Toronto markets will close at 1:00 p.m. ET on Tuesday on account of a half-day Christmas holiday. Trading volumes are expected to be light throughout the day.
In corporate news, Canada’s antitrust regulator said on Monday it was suing Rogers Communications for allegedly misleading consumers about offering unlimited data under some phone plans. Rogers shares began Christmas Eve down 20 cents to $43.69.
ON BAYSTREET
The TSX Venture Exchange edged up 0.48 points Tuesday to 590.32.
All but three of the 12 TSX subgroups were lower, with health-care failing 0.8%, gold down 0.5%, and materials sliding 0.4%.
The three gainers proved to be information technology and real-estate, each down 0.3%, and financials, giving back 0.01%.
ON WALLSTREET
Stocks rose Tuesday on Christmas Eve as the market sought to squeeze out back-to-back gains in the holiday week.
The Dow Jones Industrials jumped 135 points to open the session at 43,041.95.
The S&P 500 index hiked 34.76 points to 6,008.83.
The NASDAQ grabbed 157.93 points, or 1%, to 19,922.82, helped by a 4% jump in Tesla shares. Amazon and Nvidia gained more than 1% each.
American Airlines shares fluctuated after the carrier briefly grounded all flights in the U.S. due to a technical issue on one of the busiest travel days of the year.
Prices for the 10-year Treasury sank a bit, lifting yields to 4.62% from Monday’s 4.59%. Treasury prices and yields move in opposite directions.
Oil prices tacked on $1.02 to $70.26 U.S. a barrel.
Prices for gold lost $1.20 an ounce to $2,627.00 U.S.