Stocks little changed, US data raise hopes for rate cut;C$ flat
TORONTO - The Toronto stock market drifted into positive territory mid-Tuesday afternoon as financial stocks moved higher, countering losses in the mining sector, while the Canadian dollar continued to float around parity with the U.S. dollar.
The loonie was unchanged at 99.83 cents US. The currency has risen above par in each session since last Thursday - but has failed to close above that threshold.
New York markets were little changed amid a variety of negative news from the housing sector and sliding consumer confidence.
Toronto’s S&P/TSX composite index added 3.4 points to 13,961.68 as the financial sector gained 0.65 per cent with Royal Bank (TSX:RY) ahead 36 cents to $53.81. Read More
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