TSX Flat As Markets Brace For Fed Decision -- Canadian Commentary

(RTTNews) - Canadian stocks were mixed Tuesday, as gains in the oil and mining sectors offset weaker industrials.

Investors sifted through a pile of corporate earnings while keeping a close eye on rising crude oil prices.

The S&P/TSX Composite Index rose 13.45 points, or 0.10 percent, to 13,089.44, as traders were cautious ahead of tomorrow's U.S. Federal Reserve decision.

Economists expect no change to monetary policy, but the accompanying statement will be scrutinized for whether a rate hike is coming in June.

In cororate news, Barrick Gold Corp (ABX) reported earnings for its first quarter that rose sharply from last year. Shares were up 1.5 percent.

Teck Resources Ltd. (TCK_A.TO) reported a lower profit for first quarter. Shares rose 4.8 percent.

Canadian National Railway Company (CNI, CNR.TO) announced first quarter earnings were up 12 percent. However, disappointing guidance sparked a 5 percent decline in shares today.

Brookfield Canada Office Properties (BOXC) reported earnings for its first quarter that advanced 11 percent from last year. Shares were up fractionally.

Bombardier Inc. (BBD_B.TO, BBD_A.TO) said that a subsidiary of Chorus Aviation Inc. (CHR_B.TO, CHR_A.TO) will buy five CRJ900 aircraft, with purchase rights for an additional five planes. Bombardier shares jumped 10.5 percent.

Eldorado Gold Corp. (ELD.TO, EGO) sold its 82 percent interest in the Jinfeng mine to a unit of China National Gold Group for $300 million in cash, subject to certain closing adjustments. The stock rose 1.9 percent.

Husky Energy (HSE.TO) said it is selling 65 percent of its ownership interest in some midstream assets in Lloydminster region for $1.7 billion in cash. The company also reported a significant net loss in the first quarter. Shares fell 8.8 percent.