TSX Holds Near Record as Oil Falls and Earnings Roll In

The S&P/TSX Composite Index traded near flat above 36,500, holding onto yesterday's record amid a fresh batch of corporate earnings and lower oil prices.

Brookfield (+0.5%) reported higher second-quarter distributable earnings per share.

Hydro One (+1%) reported higher profit and EPS of C$0.62, beating forecasts.

Metro (+1%) posted 4.1% sales growth and 8.8% adjusted EPS growth, although same-store food sales remained modest and fiscal third-quarter adjusted earnings were weaker.

CCL Industries (-1.2%) posted 9.1% sales growth and 10.7% adjusted EPS growth.

Pan American Silver (-7%) reported 38% revenue growth and strong free cash flow, although EPS of $0.73 came in below expectations..

Meanwhile, oil prices fell on weakening demand prospects.

Easing inflationary pressures in the US, following tame PPI data, supported financials and other credit-sensitive shares.

RBC and TD Bank added 0.5%, while CICB gained 1%.

Miners fell on lower gold prices, with Agnico Eagle down 1.5%.