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MID-DAY: TSX falls as oil drops; Stats Can reports retail slip in November

James Bowler
By James Bowler

Strong corporate earnings are helping boost Wall Street today. The Dow is up 103 points to 24,507, shaking off yesterday’s recession-fueled losses as companies like P&G, IBM and United Technologies came in with strong earnings reports.

Across the border the TSX is slipping with a oil dip, down 11 points to 15,222. The weight also comes from a Stats Can report showing a drop of .9 per cent in retail sales last November, led by slumping gas prices.

The current price of crude is slipping as US oil drops to 52.84 a barrel.

The Loonie is also falling to 74.85 cents US.

Canadian e-Commerce giant Shopify is getting some positive attention after announcing plans to start a production studio to finance TV and film projects.

James Bowler
James Bowler

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