TSX Recovers After Fall From Higher Levels, Up Marginally An Hour Past Noon

(RTTNews) - After a positive start and a subsequent fall into negative territory, the Canadian stock market edged higher Monday morning and is up marginally about an hour past noon, supported by gains in consumer staples and telecom shares.

Healthcare and information technology stocks are weak. Several stocks from energy and consumer discretionary sections are also down in negative territory.

Amid a lack of fresh triggers, activity is mostly stock specific with investors reacting to quarterly earnings and other corporate news.

The benchmark S&P/TSX Composite Index is up 11.40 or 0.06% at 19,484.14 an hour past noon. Earlier, after advancing to a new high at 19,543.88, the index dropped to a low of 19,451.94.

Consumer staples stocks Weston George (WN.To), Empire Co. (EMP.A.TO) and Alimentation Couche-Tard (ATD.B.TO) are gaining 3.2%, 2.15% and 2%, respectively. Metro Inc. (MRU.TO) is rising 1.7% and Loblaw Co (L.TO) is gaining about 1.35%.
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