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Traders work on the floor of the New York Stock Exchange (BRENDAN MCDERMID/REUTERS)
Traders work on the floor of the New York Stock Exchange (BRENDAN MCDERMID/REUTERS)

At the open: Stimulus concerns weigh on sentiment Add to ...

The Toronto stock market was little changed at the end of a lacklustre week as concerns about monetary stimulus from the Federal Reserve helped weighed on the TSX.

The S&P/TSX composite index rose 13.24 points to 13,488.57, led by gold stocks, which have fallen heavily this week.

The Canadian dollar was off the worst levels of the morning amid data showing a better than expected read on Canadian retail sales and very low pressure on consumer prices. The loonie was down 0.15 of a cent to 94.9 cents (U.S.) as October retail sales rose one per cent, much higher than the 0.3 per cent gain that economists had expected.

Inflation rose at an annual rate of 0.7 per cent, down from 1.1 per cent in September and lower than the 0.9 per cent increase that economists had called for.

U.S. indexes were mixed with the Dow industrials down 21.45 points to 15,988.54 a day after closing above 16,000 for the first time. The Nasdaq was up 8.82 points to 3,977.97 and the S&P 500 index added 0.31 of a point to 1,796.16.

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