TSX Ekes Out Gain Despite Gold Slump -- Canadian Commentary

(RTTNews) - Canadian stocks remained little changed at 11-month highs for a third session, as gold stocks crumbled on increased risk appetite.

Widespread gains in other sectors indicates confidence the global economy is on relatively solid footing despite the UK's Brexit and US political uncertainties.

The S&P/TSX Composite Index was up 8.96 points, or 0.06 percent, to 14,533.57.

Energy stocks performed well, following crude oil futures a bit higher.

Sept. WTI gained 30 cents, or 0.7%, to finish at $45.75/bbl.

Commercial crude oil stockpiles in the U.S. fell by 2.3 million barrels in the week to July 15, the Energy Information Administration reported.

That's in line with yesterday's figures from the American Petroleum Institute.

Financials and tech stocks were also higher.

Among transports, Canadian Pacific's (CP.TO) profit beat estimates on cost controls amid a rail freight slump that CEO Hunter Harrison says will soon be getting better.

CP shares jumped 5.5 percent.