Slow But Steady, TSX Continues To Advance -- Canadian Commentary

(RTTNews) - Canadian stocks nudged higher for the seventh time in eight sessions Wednesday, but gains were most pronounced in the gold sector, a sign that markets are jittery as the year comes to a close.

The S&P/TSX Composite Index was up 32.95 points to 15,361.10, the highest in 19 months.

Energy stocks were fractionally higher, but financials sagged after strong recent gains.

WTI light sweet crude oil for February was up 16 cents at $54.06/bbl.

Later today, the American Petroleum Institute will release its weekly crude oil inventory report. Analyts expect oil stockpiles to have dropped 1.5 million barrels from December 16-23, 2016.

Canada's corporate news flow was slow today, as usual between the Christmas and New Years break.

Pacific & Western Credit Corp.(PWC.TO) announcing the appointment Of Shawn Clarke As CFO, VersaBank And PWC Capital.

Veresen Inc. (VSN.TO) announced the sanction of $195 million in new capital projects at Vereseen Midstream.