Shares rose Toronto, driven by mining and financial stocks, as Wall Street opened lower.
The S&P/TSX composite index gained 79.14 points to 13,456.29. The Dow Jones industrial average slipped 13.96 points to 12,581.79 while the Nasdaq fell 10.87 points to 2,817.6 and the S&P 500 index ticked 0.33 of a point higher to 1,338.1.
U.S. stocks fell after home improvement company Lowe's fell nearly 3 percent in early trading. Its quarterly report missed Wall Street's estimates and the company cut its outlook for the year. The company said that its profit fell 6 percent in the first quarter because of the combination of bad weather and a decline in consumer spending.
The Canadian dollar was lower against the greenback, down 0.34 of a cent to 102.9 cents (U.S.).
The TSX's base metals sector rose 0.77 per cent as copper prices bounced off early lows. The gold sector was up 1.82 per cent as the June bullion contract gained $6 to $1,499.60 an ounce.
Oil prices declined 83 cents to $98.82 a barrel.
Editor's Note: We apologize for the late market-opening blog post. The Globe and Mail is experiencing a power outage.
-
Markets: Time to take a deep breath -
Three charts to start your week -
Who does best when the loonie soars? -
Cooling it on energy, commodities -
Is lower oil good for energy stocks? -
A storm gathers over equities markets