TSX closes little changed amid generally positive economic data
A man uses a mobile phone in front of a securities firm's electronic stock board in Tokyo, Monday, Feb. 24, 2014. (AP / Shizuo Kambayashi)
Malcolm Morrison, The Canadian Press
Published Friday, February 28, 2014 7:00AM EST
Last Updated Friday, February 28, 2014 4:28PM EST
TORONTO -- The Toronto stock market closed little changed as late-day caution about unrest in Ukraine competed with a mixed bag of economic data from Canada and the United States.
The S&P/TSX composite index closed down 5.15 points at 14,209.59.
The Canadian dollar was up 0.5 of a cent to 90.3 cents US as gross domestic product contracted by 0.5 per cent in December amid severe winter weather conditions. But the overall growth rate for the year was two per cent -- the highest since 2011.
New York markets were also lacklustre as the first revision to fourth-quarter GDP showed that the American economy grew at an annualized rate of 2.4 per cent. That was down from the original 3.2 per cent reading.
But a gauge of manufacturing activity in the American Midwest showed stronger than expected expansion. And the University of Michigan's consumer confidence index also advanced.
The Dow Jones industrials was 49.06 points higher at 16,321.71, the Nasdaq lost 10.81 points to 4,308.12 and the S&P 500 index gained 5.16 points to 1,859.45.
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