Stocks Continue to Trade Slightly Lower

Market Beat

October 21, 2016

Canadian equities are higher this morning with the TSX up 0.4% meanwhile U.S. stocks continue to trade slightly lower due partly to weaker-than-expected guidance from industrial heavyweight General Electric. The U.S. dollar rose reaching a seven-month high. Oil prices are range bound in choppy trading as Russia reiterated its commitment to joining a output freeze, but Nigeria stated that it cut the price of every type of crude it sells in an effort to boost its global oil market share. Gold fell slightly as the dollar strengthened, but was on track for its first weekly gain in four weeks on steady physical buying from China and exchange-traded funds.

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