Traders Brace for Canadian Earnings, Election as Drama Heats Up
- Federal vote set for Oct. 21, with two parties in a tight race
- Rail and telco companies report as earnings begin in earnest
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Canada’s election and a handful of bellwether earnings should perk things up after a holiday-shortened week in which volume slumped on the Toronto Stock Exchange and the benchmark equity index went nowhere.
Stocks fell marginally Friday with the S&P/TSX Composite Index having closed down by fewer than 40 points in each of the past two weeks. The key stock gauge had the lowest spread between weekly highs and lows in three months, according to data compiled by Bloomberg.