TSX flat as oil price rises European concern lingers

TORONTO — The Toronto stock market started Tuesday relatively flat as oil prices gained some traction and housing data from the United States gave traders a small dose of optimism.The S&P/TSX gave back 13.95 points at 11,316.44, while the TSX Venture Exchange inched up 0.63 of a point to 1,176.28.In commodities, the August crude contract on the New York Mercantile Exchange was up 41 cents at US$79.62 a barrel, helping to send the energy sector up 0.03 per cent.Gold stocks were the lead gainer, down 1.3 per cent, as August gold was down $8.90 at US$1,579.50 an ounce, while July copper rose nearly half a cent to US$3.32 a pound.On Wall Street, traders digested home prices data which rose in nearly all major U.S. cities in April from March. The Dow Jones average rose 20.13 points to 12,522.79, the Nasdaq lifted 14.17 points to 2,850.33 and the S&P 500 increased 4.58 points to 1,318.30.The Canadian dollar was ahead 0.23 of a cent at 97.39 cents US.

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