TSX Recovers After Fall From Higher Levels, Up Marginally

The TSX recovered after dipping from earlier highs, with the Canadian market turning only slightly positive as sector performance diverged. After falling into negative territory following an upmove on Tuesday morning, the S&P/TSX Composite Index rebounded from an early high of 35,414.64 to 35,076.00, and was up 55.88 points, or 0.16%, at 35,268.20. Energy, communications and technology shares gained, while industrials declined, and select consumer staples and utilities moved higher. Several technology and software names rose, including Open Text (+4.3%) and Thomson Reuters, Constellation Software and Shopify among others, many up in the 2.5% to 3.4% range. Waste Connections and Suncor Energy were also among stronger performers, while stocks such as Hudbay Minerals and Ballard Power Systems fell. Economic data showed Canada recorded a trade surplus of C$4.24 billion in May, after a revised C$3.41 billion in April.