TSX closes flat, commodities hold steady
The main index of the Toronto Stock Exchange closed essentially flat Thursday as markets took a breather with Wall Street closed for Thanksgiving.
Healthcare and utilities led the rising sectors with 1 per cent gains but most of the index’s movement was small with energy down 0.08 per cent as oil prices held steady.
With the NYSE closed, world markets saw little change during the session; European indexes closed slightly higher while Asian indexes were mixed.
The S&P/TSX Composite Index closed down 5.71 (0.04 per cent)
The Dow Jones was closed.
Oil is trending mixed (Brent down at $48.86, WTI up at $47.98 at 4.25pm)
Gold is trending lower (1183.60 at 4.25pm)
The loonie is valued at U$0.7412
Canadian wage growth stalled
There was no real change in average weekly wages for non-farm payroll employees in September, the latest figures released Thursday by Statistics Canada.
The $957 average pay was down 0.1 per cent below August’s figure but 0.4 per cent above September 2015. Average hours were down year-over-year from 33.0 to 32.7 hours.
The only sector where workers saw a significant increase in wages in September was retail trade while average earnings declined in wholesale trade and health care and social assistance, and were little changed in the other sectors.
Bombardier secures $620 million order from France
Bombardier’s rail manufacturing division announced a major order Thursday; $620 million worth of trains for France’s state-owned rail operator SNCF Reseau.
The 40 OMNEO trains will be built for the Normandy region of France, part of an option for up to 860 of the trains that SNCF agreed in a 2010 contract with Bombardier, 253 of which have already been ordered.