TSX Meets Resistance Near Record Highs -- Canadian Commentary

(RTTNews) - Canadian stocks were flat Wednesday, preserving recent gains as U.S. stocks extended their own win streak.

Canadian stocks are on the verge of all-time highs, but have barely budged this week due to slumping oil prices.

The TSX Composite Index was down 7.51 points, or 0.01 percent, to 15,721 -- staying near record highs set back in February.

WTI light sweet crude oil was down 44 cents, or 0.9 percent, $49.98 a barrel.

In economic news, ADP said U.S. private sector employment rose by 135,000 jobs in September after surging up by a revised 228,000 jobs in August.

France's foreign minister said it is likely that Canada's Bombardier (BBD.B.TO) will be absorbed into Siemens. Bombardier shares were up 1.2 percent.

Sears Canada is making plans for total liquidation in case a white knight bid falls through, the Globe and Mail reports.

Thermon Group Holdings will acquire Edmonton's CCI Thermal Technologies Inc. and certain related real estate assets in an all-cash transaction valued at C$258 million.

Theratechnologies (TH.TO) said that no new or unexpected safety concerns emerged between weeks 24 and 48? in tests for Ibalizumab. Shares rose 2.2 percent.

TD Bank (TD.TO) is opening a cybersecurity branch in Tel Aviv. Shares were fractionally lower.

Scotiabank (BNS.TO) will sell shares of TSX operator TMX Group (X.TO), which it deems a non-core asset. BNS shares were up slightly, while X was flat.