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TSX Limps Higher, Sentiment Restrained Ahead of US CPI

Investing.com
·2-min read

By Ketki Saxena

Investing.com -- Canada's main stock index, the S&P/TSX Composite, tracked Wall Street higher today, with tech stocks gaining ground.

However, sentiment remained contained ahead of US CPI data due Thursday, and big US bank earnings later this week.

Gains on the commodity heavy Canadian index were capped by a pull back in crude prices after a surprise build in US inventories.

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Toronto Stock Market News

Canadian National Railway Co (TSX:CNR) received a downgrade from CIBC (TSX:CM), its second this week after a downgrade from TD (TSX:TD) earlier this week. Barclays (LON:BARC) meanwhile raised its target price on CN to $170 from $155.

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Africa Oil (OTC:AOIFF) Corp (TSX:AOI) shares rose after it announced a farmout transaction related to its offshore Namibia interests.

Tilray (TSX:TLRY) shares extended their decline, falling to the bottom of the TSX after yesterday’s earnings miss.

Aritzia (TSX:ATZ) will report earnings after the bell today, expected to post its first quarterly revenue drop in three years. Shares of Aritzia have fallen nearly 50% over the past year.

For all earnings, view our earnings calendar.

Toronto Stocks Moving Markets Today

Top Gainers on the TSX Today:

Filo Mining (TSX:FIL) Torex Gold (TSX:TXG) Africa Oil Corp (TSX:AOI)

Top Losers on the TSX Today:

Tilray Inc (TSX:TLRY) Birchcliff Energy (TSX:BIR) Osisko Mining (TSX:OSK)

For all Canadian Stocks Moving Markets today, view our Canada Markets Page.

In Canadian Economics

No major Canadian economic data expected.

For all Canadian economic releases, view our economic calendar.

All currencies Canadian Dollar unless noted otherwise.

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