Canadian stocks fall as resources, financials drag


Toronto, Jun 10 (IANS): Canada's main stock market in Toronto registered a broad decline as oil prices snapped a three-day advance after notching another 2016 high after a strong US dollar sparked profit-taking in crude futures by investors.

The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index lost 73.08 point, or 0.51 per cent, to close at 14,240.02 points on Thursday, Xinhua news agency reported.

Seven of the TSX index's eight main sub-sectors were lower.

The West Texas Intermediate for July delivery fell 67 cents to settle at $50.56 a barrel, while Brent crude for August delivery lost 56 cents to close at $51.95 a barrel.

The Canadian dollar traded lower at $0.7866, compared with Wednesday's closing rate of $0.7876.

  

Top Stories


Leave a Comment

Title: Canadian stocks fall as resources, financials drag



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.