Arab Today, arab today canadian stock market plunges as resources extend losses
Last Updated : GMT 13:21:42
Arab Today, arab today
Arab Today, arab today

Canadian stock market plunges as resources extend losses

Arab Today, arab today

Arab Today, arab today Canadian stock market plunges as resources extend losses

Canadian stock market
Toronto - XINHUA

Canada's main stock market in Toronto Friday lost ground after five straight days of gains, due to the extended losses from resources shares.

Toronto Stock Exchange's benchmark Standard & Poor's / TSX Composite Index was lower 88.24 points or 0.6 percent to 14,642.84 points.

Resources extended losses to lead the fall when the prices of commodities including gold and oil were in the losing streak.

Metals and mining dived 2.27 percent when most of the gold shares dropped sharply when the most active gold contract for August delivery fell 12 dollars, or 1.05 percent, to settle at 1, 131.90 U.S. dollars per ounce on the COMEX division of the New York Mercantile Exchange on Friday.

S&P/TSX Global Gold Index, a leading benchmark of global gold portfolios, plunged 4.75 percent when Goldcorp Inc. lost 6.1 percent to 19.10 Canadian dollars (about 14.71 U.S. dollars) and the world's biggest gold producer Barrick dropped 4.84 percent to 11.4 Canadian dollars per share.

Another resources group Energy fell 1.97 percent when Canadian Oil Sands Ltd. shrank 5.37 percent to 8.1 Canadian dollars and Suncor Energy Inc. lowered to 34.58 Canadian dollars by 1.87 percent.

Besides, the most influential sector Financials gave back 0.45 percent when investors took profits from a big rally in banks shares on Thursday,

Canada's biggest bank Royal Bank of Canada was down 0.78 percent to 77.30 Canadian dollars while Toronto-Dominion Bank, the second largest lender in Canada, retreated 0.51 percent to 53.03 Canadian dollars.

Health Care traded lower by 0.16 percent when its heavyweight Valeant Pharmaceuticals International declined 1.14 percent to 306. 51 Canadian dollars after it announced on Friday that the drug- maker has entered into a definitive agreement under which Valeant will acquire Mercury (Cayman) Holdings, the holding company of Amoun Pharmaceutical, for consideration of approximately 800 million U.S. dollars, plus contingent payments.

On the economic front, Statistics Canada reported on Friday that the Consumer Price Index (CPI) rose 1.0 percent in the 12 months to June, after increasing 0.9 percent in May.

The federal agency said that lower energy prices continued to moderate the year-over-year rise in the CPI, however, the effect was less pronounced than in April and May.

The Canadian central bank downgraded its growth outlook significantly in its Monetary Policy Report on Wednesday, with real GDP expected to advance only 1.1 percent in 2015. A report issued by TD Bank on Friday said that the significant degree of economic slack that opened up in Canada's economy over the first half of the year warranted additional monetary stimulus to keep underlying inflation from falling further below the central bank' s two percent target.

On the currency front, the Canadian dollar was still in the negative territory on Friday to trade at 0.7700 U.S. dollar, when compared with 0.7710 U.S. dollar on Thursday, after the greenback was stronger against major currencies.

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 plunges as resources extend losses Arab Today, arab today canadian stock market plunges as resources extend losses

 



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 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

GMT 22:10 2017 Wednesday ,15 February

China stocks fall, weighed by tech, resource stocks
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 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