Arab Today, arab today canadian stock market closes lower on sluggish economic recovery
Last Updated : GMT 00:26:33
Arab Today, arab today
Arab Today, arab today

Canadian stock market closes lower on sluggish economic recovery

Arab Today, arab today

Arab Today, arab today Canadian stock market closes lower on sluggish economic recovery

Toronto - XINHUA

The Canadian stock market lost rally momentum and ended lower Tuesday, as investors were concerned about the sluggish economic recovery in Canada after the Organization for Economic Co-operation and Development (OECD) warned about the risks of the country's housing market. The S&P/TSX composite index, the main indicator of the stock market, closed at 13,442.77 points,falling by 15.29 points, or 0. 11 percent. OECD said Tuesday in its latest economic outlook that Canada's economy will likely strengthen over the next two years, but the rising exports and business spending that will drive the economic growth haven't yet materialized. And the economic bloc also warned the risk of the housing market in Canada by ranking it as among the world's frothiest, with threat of a "disorderly correction" in prices. Also, the U.S. billionaire investor Carl Icahn's comments on the recent rally in stock markets spurred investors' caution. Icahn said Monday he is "very cautious" on the stock market, saying he could see a "big drop" because earnings at many companies are fueled more by low borrowing costs rather than the strength of management. Among the eight main sectors of the S&P/TSX composite index, six sectors tumbled Tuesday, with the Info-tech sector and telecom sector leading the fall by 1.19 percent and 0.63 percent, respectively. The energy sector was the most active by trading. A gain in the price of U.S. crude oil pushed the sector up 0.43 percent, with Coastal Energy Company rising by 27.21 percent to 18.84 Canadian dollars (about 18 U.S. dollars) per share. In company news, Sears Canada Inc., the Toronto-based retailer, said Tuesday its third-quarter loss widened to 48.8 million Canadian dollars. It also declared a dividend totaling about 509 million Canadian dollars. The Canadian dollar closed at 0.9551 U.S. dollar at 5 p.m. local time (2200 GMT) Tuesday, compared with 0.9585 U.S. dollar Monday.

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 lower on sluggish economic recovery Arab Today, arab today canadian stock market closes lower on sluggish economic recovery

 



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 lower on sluggish economic recovery Arab Today, arab today canadian stock market closes lower on sluggish economic recovery

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Egypt tourism revival steady but slow

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow
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 600,000 children may flee to Bangladesh

GMT 06:49 2017 Monday ,18 September

600,000 children may flee to Bangladesh
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year
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 Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Eman Al Assy receives three offers

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers
Arab Today, arab today 'Severe' Typhoon Doksuri pounds Vietnam

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 11:10 2017 Friday ,15 September

Fadl Shaker retreats from surrendering himself

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:25 2017 Thursday ,14 September

Greece fumbled oil spill response

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:45 2017 Sunday ,17 September

France's hurricane-hit St Martin

GMT 21:57 2017 Sunday ,17 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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