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Stocks Push Higher
The TSX climbed 66.01 points to conclude Wednesday at 24,989.02, a new all-time high.
The Canadian dollar lost 0.28 cents to 71.43 cents U.S.
Suncor Energy raised its quarterly dividend after the integrated oil and gas firm beat estimates for third-quarter profit on higher oil production and demand for refined products. Suncor took on $2.24, or 4.2%, to $55.40.
Canada's technology sector rose after it hit a record high in the previous session following Shopify's strong quarterly results. Shopify closed Wednesday ahead $8.94, or 5.9%, to $161.20.
Among individual stocks, Loblaw Companies' shares fell $4.51, or 2.4%, to $182.88, after the retailer missed third-quarter revenue estimates, hurt by a slowdown in demand.
Finning International dropped $3.80, or 9.1%, to $37.92, after the Caterpillar dealer also missed its third-quarter revenue estimates.
Elsewhere, First Quantum Minerals sank 94 cents, or 5%, to $17.94, while Orla Mining let go of 68 cents, or 9.8%, to $5.55.
In the gold sector, Aya Gold sank 57 cents, or 3.7%, to $14.75, while Seabridge Gold dived 60 cents, or 2.9%, to $19.91.
Consumer staples stubbed their toes, as Maple Leaf Foods gave up $1.20, or 5.3%, to $21.30, while George Weston shares forfeited $6.90, or 3%, to $226.66.
Tech shares more than picked up the slack, though, with Coveo Solutions adding 23 cents, or 3.3%, to $7.30.
In energy, Nuvista Energy gained 19 cents, or 1.6%, to $12.46.
Industrials shone, with CAE picking up $3.22, or 11.9%, to $30.18, while Boyd Group Services soared $5.10, or 2.3%, to $224.55.
ON BAYSTREET
The TSX Venture Exchange leaned lower 3.98 points to 593.72.
Still, seven of the 12 subgroups were in the red. Materials stepped back 1.2%, while gold faded 0.9%, and consumer staples lost 0.8%.
The five gainers were led by information technology, ahead 2.3%, energy, rumbling 0.8%, and industrials, better by 0.2%.
ON WALLSTREET
The major averages hovered near the flatline on Wednesday as the post-election rally lost some steam and traders contemplated a key inflation report that was in line with expectations.
The Dow Jones Industrials gained 47.21 points to 43,958.19.
The S&P 500 squeezed higher 1.4 points to 5,995.39.
The NASDAQ Composite slid 50.66 points to 19,230.74.
Tesla, which has been among the biggest winners following the election, was up again by 3%.
The October consumer price index accelerated a tad to a 2.6% annual rate, matching the consensus estimate from economists polled by Dow Jones. Core prices, which exclude food and energy from the reading, rose 3.3% last month, which also matched estimates.
Prices for the 10-year Treasury staggered, raising yields to 4.45% from Tuesday’s 4.43%. Treasury prices and yields move in opposite directions.
Oil prices docked 18 cents to $67.74 U.S. a barrel.
Prices for gold dipped $25.90 an ounce to $2,580.40 U.S.
