CD: TSX opens higher on improving commodities, traders await U.S. housing data
TORONTO - The Toronto Stock Exchange opened slightly higher as commodity prices bounced back and traders awaited the release of data on the U.S. housing market.
The S&P/TSX was up 18.3 points to 12,380.11. The Canadian dollar fell below parity, shedding 0.14 of a cent to 99.89 cents US.
Traders took in data from Statistics Canada that found core inflation rose two notches to 2.3 per cent in February, above the Bank of Canada's two per cent target line.
May oil prices were up 21 cents to US$105.54 a barrel on the New York Mercantile Exchange. Gold prices were up US$11.90 to US$1,654.40 per ounce. Copper prices added two cents to US$3.79.
Wall Street opened mixed, with Dow Jones industrial average down 0.38 points to 13,045.7, the Nasdaq up 1.6 points to 3,064.9 and the broader S&P 500 index slipping 0.7 points to 1,392.
