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TSX ends up 0.1% at 25,036.46
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Energy adds 1%; oil settles 0.75% lower
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Consumer discretionary falls 0.9%
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Dollarama ( DLMAF ) ends down 3.3%
(Updates at market close)
By Fergal Smith
Nov 20 (Reuters) - Canada's main stock index inched
higher on Wednesday as gains for energy shares offset investor
reluctance to make big bets ahead of the release after the close
of an earnings report from U.S. megacap Nvidia ( NVDA ).
The S&P/TSX composite index ended up 25.69 points,
or 0.1%, at 25,036.46, stopping just short of the record closing
high it notched last Thursday at 25,049.67.
"Today isn't about the geopolitical risk that we started the
day yesterday with," said Philip Petursson, chief investment
strategist at IG Wealth Management. "Today seems to be a little
bit more hesitation about what's going to take this rally to
that next leg."
U.S. benchmark the S&P 500 was close to unchanged as
Ukraine fired long-range British Storm Shadow missiles into
Russian territory and investors awaited Nvidia's ( NVDA ) earnings.
Energy added 1% even as oil settled 0.75% lower at
$68.87 a barrel. Consumer staples was another bright spot. It
rose 0.6%, recouping some of the previous day's decline.
In contrast, the consumer discretionary group lost 0.9%,
with shares of retailer Dollarama ( DLMAF ) falling 3.3% to hit a
three-week low.
The Alberta government appointed former Canadian Prime
Minister Stephen Harper as chairman of the Alberta Investment
Management Corp, after dismissing the entire board earlier this
month because of low returns.