Markets Yawn At U.S. Tax Reform -- Canadian Commentary

(RTTNews) - Canadian stocks turned in an uneven performance Tuesday as U.S. lawmakers passed the most sweeping tax reform since 1986.

The House of Representatives OK'd the bill, sending it to Senate for final approval.

Markets yawned, however. The TSX Composite was up 22 points at 16,154 ahead of the final bell.

In corporate news, TransCanada's (TRP.TO) request to amend its Keystone pipeline application has been denied by Nebraska.

Aurora Cannabis (ACBFF) is making a strategic investment in Micron Waste Technologies. Aurora is pursuing a merger with Cannimed but does not want Cannimed to buy smaller rival Newstrike.

AlarmForce (AF.TO) shareholders approved a takeover by telecom giant BCE (BC.TO).

Enghouse Systems Limited (ENGH.TO) announced today it has acquired SimaTech A/S of Denmark.

Bombardier (BBDb.TO) remains in focus as the U.S. International Trade Commission is expected to rule today on its trade feud with Boeing.

Crude oil futures nudged higher Tuesday amid mixed signals on global production next year.

OPEC says it will continue to curb production in an effort to re-balance oil markets, but U.S. shale output may surge.