Trades on TSX Slow Start

Trading on the Toronto Stock Exchange (TSX), Canada on Monday at the start of trading was quiet but gaining ground. Investors are being cautious following of the announcement by Theresa May, UK’s Prime Minister that she would trigger Brexit, article 50 on the 29 March. The S&P/TSX Composite Index gained 7.29 points or 0.05 percent at 15,497.78, up from the close of markets on Friday where it closed down at 15,490.49 or 71.92 points, 0.46 percent.

Appeal of Gold: Big Gainer

The appeal of gold by investors as a safe haven saw gold the big gainer as it advanced on the Gold Index 0.67 percent, gold company Goldcorp rose 0.29 percent, Barrick Gold gained 0.64 percent IAMGOLD rose 1.75 percent, Yamana Gold advanced 0.54 percent Kinross Gold up 1.33 percent and B2Gold gained 1.38 percent. The Energy Index is declining 0.57 percent as crude oil futures slipped 0.50 or 1.03 percent at $48.28 a barrel. In commodities, crude oil futures for April delivery are down 0.50 or 1.03 percent at $48.28 a barrel with The Energy Index down 0.57. Natural gas for April is up 0.053 or 1.80 percent at $3.001 per million btu. Gold futures for April rose $1.80 or 0.15 percent at $1,232.00 an ounce. Silver for May slipped $0.018 or 0.10 percent at $17.395 an ounce.

• The Capped Materials Index rose 0.26 percent
• The Capped Industrials Index gained 0.26 percent
• The Capped Information Technology Index is up 0.23 percent
• The Capped Telecommunication Services Index gained 0.37 percent
• Producer prices in February have gained 3.1 percent compared to last year.

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