Canada stocks waver on strong housing reports
SAN FRANCISCO (MarketWatch) -- The S&P/TSX benchmark index wavered between positive and negative territory early Tuesday, inching down 5 points, or 0.04%, to 11,624. The industrials sector saw the greatest gains, up 0.5%, while a 0.5% slide in metals mining equities and 1.1% drop in information technology stocks led sector decliners. In economic news, Canadian housing data for June came in stronger than expected, with 222,700 annualized units, beating a market consensus of 205,000. In May Canada saw 217,000 housing starts. The greenback gained on its Canadian counterpart , with one U.S. dollar purchasing C$1.0195 vs. C$1.0191 Monday.