Feb. 10, 2020, 10:29 a.m. EST

Flat Open for TSX

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Feb 10, 2020 (Baystreet.ca via COMTEX) -- Equity markets in Canada's biggest centre opened steady on Monday as gains in the consumer sector countered losses in energy shares, while investors kept a wary eye on the fast spreading coronavirus outbreak.

The TSX Composite Index recovered 8.01 points to open Monday to 17,663.50

The Canadian dollar lost 0.07 cents to 75.06 cents U.S.

Shanta Gold on Monday said it had acquired Barrick subsidiary Acacia Exploration's project in southwestern Kenya in a $14.5-million deal which gives the Tanzania-focused miner its first asset outside the country.

Barrick gained 17 cents to $24.38.

RBC raised the price target on Constellation Software to $1,700 from $1,500. Constellation strengthened $11.74 to $1,480.85.

Credit Suisse cut the price target on Husky Energy to $12.00 from $15.00. Husky shares declined 28 cents, or 3.3%, to $8.19.

RBC raised the price target on Innergex Renewable Energy to $22.00 from $17.00. Innergex shares ballooned 42 cents, or nearly 2%, to $21.69.

On the economic scene, January housing starts were fairly flat at 210,915 units in January, compared to 212,212 units in December, according to Canada Mortgage and Housing Corporation, while building permits increased 7.4% to $8.7 billion in December.

Increases were reported in five provinces, led by Ontario and Quebec.


The TSX Venture Exchange slid 1.77 points to close Friday at 572.39.

Seven of the 12 TSX subgroups were stronger, with gold brighter by 0.8%, utilities clicking 0.7% higher, and information technology 0.5% to the good.

The five laggards were weighed most by health-care, sicker by 1.4%, energy, 1.2% less energetic, and communications 0.3% softer.


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