Arab Today, arab today canadian stock market closes little changed amid fiscal cliff fears
Last Updated : GMT 09:08:20
Arab Today, arab today
Arab Today, arab today

Canadian stock market closes little changed amid fiscal cliff fears

Arab Today, arab today

Arab Today, arab today Canadian stock market closes little changed amid fiscal cliff fears

Toronto - XINHUA

The Canadian stock market closed little changed on Monday as uncertainty over whether the United States can avoid the so-called fiscal cliff offset China\'s encouraging economic data. The benchmark S&P/TSX Composite index was 5.34 points, or 0.04 percent lower, to 12,191.46 while S&P/TSX Venture Composite index gained 4.54 points, or 0.35 percent, to 1,305.46. With investors sitting on the sidelines amid skepticism that an agreement can be reached to avoid the fiscal cliff trouble at the end of this year, both Canadian and U.S. markets experienced sharp losses last week despite comments from the Obama administration and congressional leaders about a willingness to compromise. The Toronto Stock Exchange\'s main index went down almost 1.5 percent while the Dow fell over 2 percent. Although some traders might not say that the fiscal cliff issue is not new, they were all concerned that if it takes full effect, the spending cuts and tax increases will total at least half a trillion dollars and take a big chunk out of U.S. GDP in 2013. Failure to come up with a compromise would likely pull the U.S. back into recession and drag down other economies along with it. The fiscal cliff issue refers to a string of tax increases and steep spending cuts aimed at reducing the U.S. deficit and are set to automatically kick in at the start of next year. However, the Canadian market still got some lift from resource and tech shares on Monday. The base metals and mining sector was up 0.77 percent while copper prices benefited from positive economic data from China, the world\'s second largest economy, which is viewed as an economic bellwether. China\'s industrial output rose 9.6 percent in October, higher than the expected 9.4 percent gain and up from 9.2 percent in September. The tech sector also lifted the Canadian stock market as Research In Motion,the Blackberry maker,rose 2.9 percent to 8.81 Canadian dollars per share after it said it will officially launch the final version of its long-awaited new BlackBerry 10 operating system and smartphone hardware on Jan. 30. The company will also unveil the first two BlackBerry 10 smartphones. But it\'s not known when the new devices will be available to consumers. Currencywise, the Canadian dollar wasn\'t trading in Canada on Monday as banks were closed in observance of Remembrance Day.

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 canadian stock market closes little changed amid fiscal cliff fears Arab Today, arab today canadian stock market closes little changed amid fiscal cliff fears

 



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 canadian stock market closes little changed amid fiscal cliff fears Arab Today, arab today canadian stock market closes little changed amid fiscal cliff fears

 



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 Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
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 Iraq's Barzani isolated by his drive

GMT 04:36 2017 Tuesday ,24 October

Iraq's Barzani isolated by his drive
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
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 Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
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 targets German carmakers

GMT 05:41 2017 Tuesday ,24 October

EU targets German carmakers
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today Sherine Reda frustrated of latest terrorist attacks

GMT 09:03 2017 Monday ,23 October

Sherine Reda frustrated of latest terrorist attacks
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:12 2017 Saturday ,21 October

Donia Abdel Aziz aspires to return to cinema

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 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 08:06 2017 Tuesday ,24 October

Second Palestinian mobile provider enters Gaza

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