TSX lower on profit taking but closes slightly up

TSX lower on profit taking but closes slightly up

TSX lower on profit taking but closes slightly up The Toronto Stock Exchange fell across most sectors on Tuesday as investors opted for profit taking. The better, and more stable, oil prices boosted the energy sector which was the only one to see any real gains. Mining was again trading poorly with minerals prices in decline on concern over weak demand. Wall Street shared a similar story with energy stocks gaining along with optimism as earnings season began. In Asia profit taking led to a mixed finish; Europe closed lower ahead of a meeting of the ECB this week.

The S&P/TSX Composite Index closed up 5.69 (0.04 per cent)

The NYSE closed higher (although the Nasdaq was slightly lower)

Oil is trending higher (Brent $58.47, WTI $53.11 at 4.15pm)

Gold is trending lower

The loonie is valued at U$0.8002 (at 4.15pm)