Arab Today, arab today canadian stock market falls as resources shares slide down
Last Updated : GMT 16:05:57
Arab Today, arab today
Arab Today, arab today

Canadian stock market falls as resources shares slide down

Arab Today, arab today

Arab Today, arab today Canadian stock market falls as resources shares slide down

Toronto - XINHUA

Canada's main stock market was dragged down Tuesday by the resources shares from energy and mining sectors. The benchmark S&P/TSX composite index lost 57.67 points, or 0. 39 percent, to 14,658.02 points. As the most weighed sector in TSX, Financials moved up 0.36 percent, rising for a second trading day and helped push up the index in the midday trading, but the gains were offset by the losses of the resources shares with the energy sector and the mining sector down 0.84 percent and 0.49 percent respectively. Following the second-quarter earnings season of giant banks, the share price of Bank of Nova Scotia was up 1.13 percent to 68. 77 Canadian dollars (about 63.27 U.S. dollars) after it announced strong earnings report with its second-quarter profit rising 14 percent to 1.8 billion Canadian dollars, which is beyond analysts' estimates. "Canadian banking had a strong second quarter with net income of 565 million Canadian dollars driven by good top-line revenue growth," and "international banking had a solid quarter with earnings of 416 million Canadian dollars driven by strong volume growth, particularly in Latin America and Asia," said Brian Porter, Scotiabank President and CEO. Other banks shares also increased with Canada's second largest bank TD up 0.6 percent to 53.93 Canadian dollars and Bank of Montreal up 0.72 percent to 76.8 Canadian dollars. However, gains in the financial sector were not enough to boost the market sentiment. The shares of energy producers declined over the slump in oil price. Canadian Natural Resources lost 1.28 percent to 43.94 Canadian dollars, and Suncor Energy declined 0.95 percent 41.88 Canadian dollars. Meanwhile, the mining companies lost ground as the world's biggest gold producer Barrick plunged 4 percent to 17.3 Canadian dollars and Goldcorp Inc. also vapored 3.98 percent to 25.57 Canadian dollars, after the bullion price Tuesday closed lower with the June gold contract on the New York Mercantile Exchange falling 26.2 U.S. dollars to 1,265.5 U.S. dollars per ounce. The real estate shares were in the red with the leading company Brookfield Asset Management Inc. down 0.35 percent to 48.04 Canadian dollars apiece, as a research report from Royal Bank of Canada showed that it's getting harder and harder for Canadian families to afford a home when house prices continue to rise, especially in some big cities such as Toronto, Vancouver and Calgary. The Canadian currency Tuesday moved up to its highest level at 0.9227 U.S. dollar in over two weeks in the midday trading and settled at 0.9211 U.S. dollar at 5:00 p.m., stronger than Monday's close of 0.9208 U.S. dollar.

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 falls as resources shares slide down Arab Today, arab today canadian stock market falls as resources shares slide down

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Air raid kills eight women, child

GMT 06:42 2017 Friday ,17 February

Air raid kills eight women, child
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 08:14 2017 Friday ,17 February

Bahrain Bourse daily trading report

GMT 21:28 2017 Thursday ,16 February

US Stocks End High on Tuesday

GMT 21:18 2017 Thursday ,16 February

Chinese Yuan Strengthens to 6.8632 Against USD Wednesday

GMT 09:55 2017 Thursday ,16 February

Robust Omani Riyal exchange rate affirmed

GMT 09:00 2017 Thursday ,16 February

Bahrain Bourse daily trading report

GMT 05:07 2017 Thursday ,16 February

Saudi stocks rise 0.6%

GMT 04:45 2017 Thursday ,16 February

Gold prices edge lower
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 15:16 2017 Sunday ,19 February

Apple to start India operations with iPhone SE

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
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