Arab Today, arab today canadian stock market falls on gloomy economic data
Last Updated : GMT 05:49:56
Arab Today, arab today
Arab Today, arab today

Canadian stock market falls on gloomy economic data

Arab Today, arab today

Arab Today, arab today Canadian stock market falls on gloomy economic data

Toronto - XINHUA

The Canadian stock market closed lower on Friday as economic data from both Canada and China pulled commodity prices down and weighed down on resource stocks. The S&P/TSX Composite Index slipped 48.71 points, or 0.38 percent, to 12,773.12, while the S&P/TSX Venture Composite Index decreased 13.27 points, or 1.17 percent, to 1,120.609. China\'s Purchasing Managers Index (PMI), a preliminary readout of the country\'s manufacturing activity, fell for a second month to 50.1 percent in February from 50.4 percent in January, according to statistics from the China Federation of Logistics and Purchasing (CFLP) Friday. Adding to the pressure on the market was Canada\'s gloomy economic news. Canada\'s gross domestic product(GDP), which measures total output of goods and services, expanded by 0.6 percent on an annual basis in the final three months of 2012, Statistics Canada said on Friday. The agency also reported that Canada\'s economy gained a growth of 1.8 percent in 2012, down from 2.6 percent in 2011. Canadian Finance Minister Jim Flaherty said the unexpectedly weak economy is hurting Ottawa\'s tax revenues, which means his upcoming budget may contain more federal spending cuts measures. The metals and mining sector, which includes some global major gold miners, was the biggest drag on the main index following weak gold prices. Barrick Gold dropped 3.4 percent to 30.20 Canadian dollars per share. The energy sector was the next biggest decliner as crude oil prices fell to a more than one-month low, losing all the gains so far this year. Suncor Energy lost 1.1 percent to 30.90 Canadian dollars per share. Financial sector also fell a day after four of Canada\'s biggest banks reported stronger-than-expected quarterly profits. Royal Bank Canada dropped 0.4 percent to 63.77 Canadian dollars per share. Manulife Financial Corporation dropped 0.46 percent to 15.23 Canadian dollars per share. At closing, the Canadian dollar strengthened to 0.9739 U.S. dollar at 5 p.m. local time (2200 GMT), compared with 0.9700 U.S. dollar on 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 canadian stock market falls on gloomy economic data Arab Today, arab today canadian stock market falls on gloomy economic data

 



Arab Today, arab today

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 on gloomy economic data Arab Today, arab today canadian stock market falls on gloomy economic data

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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