Closing Bell TSX closes little changed after US Europe impose tough sanctions

TORONTO — The Toronto stock market closed little changed Tuesday after the U.S. and European Union adopted tough new sanctions on Russia over that country’s continued support of Ukrainian rebels, who have been blamed for the downing of an airliner by a missile earlier this month.Here are the closing numbersTSX — 15,446.55 1.33 0.01%S&P 500 —  1,969.95 -8.96 -0.45%Dow — 16,912.11 -70.48 -0.48%Nasdaq — 4,442.70-2.21 -0.05%The TSX had spent most of the session well into positive territory thanks in part to positive earnings news and data that showed a marked improvement in U.S. consumer confidence but the S&P/TSX composite index closed up 1.33 points to 15,446.55.The Canadian dollar was down 0.5 of a cent to 92.09 cents US.New York markets were lower as traders considered new measures that specifically target sectors of the Russian economy, including energy, weapons and finance. Also, Russian state-owned banks will be banned from selling bonds or equities with a maturity of over 90 days in European capital markets.New York’s Dow Jones industrials dropped 70.48 points to 16,912.11, the Nasdaq was down 2.21 points to 4,442.7 and the S&P 500 index shed 8.96 points to 1,969.95.Indexes had earlier advanced after the U.S. Conference Board reported that its Consumer Confidence Index jumped to 90.9 in July — the highest level since October 2007.WestJet (TSX:WJA) was a major gainer on the TSX, up $1.07 or 3.9% to $28.49 as the airline beat forecasts for profit and revenue as it posted net earnings of $51.8 million, or 40 cents per share, up from C$44.7 million, or 34 cents a share, a year earlier.George Weston Ltd. (TSX:WN) reported a quarterly net loss of $208 million, or $1.71 per share, compared with a net profit of $97 million, or 68 cents per share, in the same quarter of 2013 as it digests the acquisition of Shoppers Drug Mart by subsidiary Loblaws.Total sales were $10.59 billion compared with $7.52 billion and its shares advanced $1.13 to $86.96.And Talisman Energy (TSX:TLM) posted a loss of $237 million, or 23 cents per share, compared with a profit $97 million, or nine cents, per share in the same quarter of 2013. Its shares added 21 cents to $11.93.It is a very heavy week for Canadian corporate earnings news, with the accent on the resource sector. However, with the energy sector up 18% so far in 2014, further gains could be elusive.“I think with oil trading around $100, with all the geopolitical risk out there keeping the oil price firm, that most of the good news is already in the energy name,” said Paul Taylor, chief investment officer, asset allocation, for BMO Global Asset Management Canada.A major decliner in New York was Herbalife Ltd. The seller of supplements and weight loss products on Monday reported quarterly profit that decreased by 17%. Its shares plunged 13.4% to US$58.42.The tech sector fell 0.8% with BlackBerry (TSX:BB) down 43 cents or 4% to $10.32 as the company said that it will acquire anti-eavesdropping security firm SecuSmart for an undisclosed amount. The German company provides high-level voice and data encryption.The base metals sector was up 0.9% while September copper eased two cents to US$3.22 a pound.The TSX energy sector slipped 0.17% with the September crude contract in New York down 70 cents to US$100.97 a barrel.The gold sector declined 0.26% as August bullion faded $5 to US$1,298.30 an ounce.TOP STORIESFord dropping BlackBerry handsets for employees worldwide, converting to iPhonesExxon eyes cheaper, floating LNG option for B.C. projectBlackBerry buys anti-eavesdropping firm to bolster its security edge in enterprise marketWestJet Airlines shares climb most in nearly a year after 16% rise in profitTalisman Energy posts surprise second-quarter net loss of $237-millionWHAT’S ON DECK WEDNESDAYECONOMIC NEWS U.S. Federal Reserve rate decision at 2 p.m.CANADA8:30 a.m. Industrial product price index (June): Economists expect 0.2% rise Raw materials price index (June): Economists expect 0.6% riseUNITED STATES8:15 a.m. ADP National Employment Report (July): Economists expect 230,000 jobs, down from last month8:30 a.m. Real GDP (Q2): Economists expec 3% growthCORPORATE NEWSCANADA Agnico Eagle Mines Ltd    Q2 earnings: Analysts expect   28¢ a share Ballard Power Systems    Q2 earnings: a loss of 2¢ a share Barrick Gold Corporation     Q2 earnings: 15¢ a share Cenovus Energy Inc Q2 earnings: 50¢ a share Cgi Group Inc    Q2 earnings: 73¢ a share First Quantum Minerals Ltd Q2 earnings: 24¢ a share Hudbay Minerals Inc Q2 earnings: 3¢ a share Kinross Gold Corp    Q2 earnings: 4¢ a share Lundin Mining Corp    Q2 earnings: 6¢ a share Macdonald Dettwiler & Assoc Ltd Q2 earnings: $1.39 a share Open Text Corporation Q2 earnings: 94¢ a share Penn West Petroleum Ltd Q2 earnings: 11¢ a share Sherritt International Corp Q2 earnings: a lost of 7¢ a share Suncor Energy Inc    Q2 earnings: 98¢ a share Taseko Mines Ltd Q2 earnings: 1¢ a share Thomson Reuters Corp    Q2 earnings: 46¢ a share Transalta Corp     Q2 earnings: 1¢ a share Wi-lan Inc Q2 earnings: 10¢ a share Yamana Gold Inc Q2 earnings: 3¢ a shareUNITED STATES Goodyear Tire & Rubber  Q2 earnings: Analysts expect 79¢ a share Kraft Foods Group Inc Q2 earnings: 83¢ a share Pitney Bowes Inc. Q2 earnings: 46¢ a share Whole Foods Market  Q3 earnings: 39¢ a share

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