Arab Today, arab today canada stock market plunges to 20month low on discouraging data from china
Last Updated : GMT 15:36:22
Arab Today, arab today
Arab Today, arab today

Canada stock market plunges to 20-month low on discouraging data from China

Arab Today, arab today

Arab Today, arab today Canada stock market plunges to 20-month low on discouraging data from China

Canada stock market
Toronto - XINHUA

Canada's main stock market in Toronto continued to fall Friday and wrapped up the week with a 20-month low after the release of fresh economic data indicating a slowdown in China's economy.

Toronto Stock Exchange's benchmark Standard & Poor's /TSX Composite Index lowered 263.33 points, or 1.92 percent, to 13,473.67 points, the lowest level not seen since the beginning of 2014.

Global equity markets plummeted toward their worst week of this year while the beating in commodities continued as data out of China showed manufacturing in the country was slowing at the fastest pace since the financial crisis in 2009.

Energy producers, the worst-performing industry in the Canadian benchmark this year, plunged 7.7 percent this week, trading at a 2009 low. Crude prices were set for an eighth straight week of losses, the longest slump since 1986.

South of the border, the New York Dow Jones industrial average was down a whopping 530.94 points to 16,459.75, while the Nasdaq plummeted 171.45 points to 4,706.04 and the S&P 500 declined 64.84 points to 1,970.89.

On commodity markets, the December gold contract rose 6.40 U.S. dollars to 1,159.60 U.S. dollars an ounce, while the October crude contract was down 87 U.S. cents at 40.45 U.S. dollars a barrel and September natural gas lost eight U.S. cents to 2.68 U.S. dollars per thousand cubic feet.

On the economic front, Statistics Canada reported Friday morning that the consumer price index rose 1.3 percent in July from a year ago, compared with a rise of 1.0 percent in June.

The agency said lower energy prices continued to moderate the year-over-year rise in the CPI ; however, the effect was less pronounced in July than in the previous month. In particular, the gasoline index was down 12.2 percent in July from a year ago, compared with a 14.1 percent decrease in June.

Elsewhere, retail sales increased 0.6 percent in June.

In corporate news, Eldorado Gold Corp shares plunged 12.3 percent after the company said Thursday it suspended mining activities in northern  Greece.

Analysts expected to see an intermediate rally in the fall, but they said there was a serious risk of a bear market next year.

Of TSX's eight major sectors, telecom was the only gainer Friday, up 0.79 percent. All of the rest groups ended lower by more than 1 percent, with health care going down 3.33 percent, metals & mining down 3.14 percent, industrials down 2.40 percent and energy down 1.45 percent.

The Canadian dollar went down Friday to 0.7593 U.S. dollar, compared with 0.7639 U.S. dollar Thursday.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today canada stock market plunges to 20month low on discouraging data from china Arab Today, arab today canada stock market plunges to 20month low on discouraging data from china

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today canada stock market plunges to 20month low on discouraging data from china Arab Today, arab today canada stock market plunges to 20month low on discouraging data from china

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Malaysia Airlines picks new CEO

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Residents get glimpse of Raqa in ruins

GMT 07:10 2017 Saturday ,21 October

Residents get glimpse of Raqa in ruins
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 09:56 2017 Friday ,20 October

Privacy Groups Warn of Perils

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday