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Inside the Market’s roundup of some of today’s key analyst actions
Though he thinks its US$1.68-billion acquisition of
TC Pipelines LP (TCP-N) “does not move the needle in terms of upside,” Industrial Alliance Securities analyst Elias Foscolos raised his rating for TC Energy Corp. (TRP-T) to “strong buy” from “buy” based on its recent trading price.
By Reuters Staff
2 Min Read
Dec 16 (Reuters) - Canada’s main stock index treaded waters on Wednesday as investors weighed weakness in energy shares against gains in the materials and technology sectors and hopes of fresh U.S. stimulus. At 10:08 a.m. ET (1508 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 4.03 points, or 0.02%, at 17,510.51. The energy sector dropped 1.6% as U.S. crude prices were down 0.3% a barrel, while Brent crude lost 0.3%. The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.9% and technology sector gained 0.68%. The gains in the materials sector was led by Labrador Iron Ore Royalty Corp and SilverCrest Metals Inc both up 4.2%.
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