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Markets: S&P/TSX composite edges down


Canada’s main stock index edged downwards and U.S. markets ticked slightly higher on what was overall a quiet day of trading Thursday.

The S&P/TSX composite index closed down 4.03 points at 19,969.19.

In New York, the Dow Jones industrial average was up 183.56 points at 33,781.48. The S&P 500 index was up 29.59 points at 3,963.51, while the Nasdaq composite was up 123.45 points at 11,082.

“It’s been a flat week,” said Ashish Utarid, assistant vice-president for investment strategy with IG Wealth Management, adding he believes the lull is setting the tone for what should be a quiet remainder of the year for investors.

“We’ve had lots of data that’s come out in the last few weeks, and after American Thanksgiving you tend to have lower activity for the rest of the year,” Utarid said.

“So I don’t expect there to be a ton of volatility to finish off the year.”

On Wednesday, the Bank…

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