Arab Today, arab today canadian stocks down sharply over falling oil prices
Last Updated : GMT 10:32:05
Arab Today, arab today
Arab Today, arab today

Canadian stocks down sharply over falling oil prices

Arab Today, arab today

Arab Today, arab today Canadian stocks down sharply over falling oil prices

canada stock
Toronto - Xinhua

 Canada's main stock market in Toronto saw a massive triple-digit loss Friday in a broad decline led by resource companies as the benchmark crude price slipped.

The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index lost 202.48 point, or 1.42 percent, to close at 14,037.54 points. All of the TSX index's eight main sub-sectors were lower.

Oil prices retreated further Friday as data showed that the U.S. rig count increased for the second straight week. The West Texas Intermediate for July delivery dropped 1.49 U.S. dollars to settle at 49.07 dollars a barrel, while Brent crude for August delivery lost 1.41 dollars to close at 50.54 dollars a barrel.

TSX energy group was down 3.80 percent, metals & mining down 3.29 percent, while info tech gave away 1.85 percent.

Canadian Natural Resources Limited declined 3.86 percent to 36.61 Canadian dollars (28.70 U.S. dollars). The company and Cenovus Energy both said they had restarted operations at oil sands facilities in Alberta on Thursday after a wildfire threat dissipated.

Suncor Energy Inc. fell 2.27 percent to 34.38 Canadian dollars, and Baytex Energy Corp. plunged 9.61 percent to 7.71 Canadian dollars.

The financials group slipped 1.03 percent, with Royal Bank of Canada down 0.97 percent to 78.57 Canadian dollars and Toronto-Dominion Bank off 0.77 percent to 56.76 Canadian dollars.

Gold miners were among the biggest beneficiaries of a lower overall market for a second straight session, with the most influential gainers on the index including Barrick Gold, up 0.36 percent to 25.00 Canadian dollars.

U.S. auto manufacturer General Motors announced Friday to hire up to 1,000 software engineers in Canada at GM's Canadian Technical Centre in Oshawa, Ontario. They'll be tasked with developing the company's software for self-driving, autonomous connected cars.

On the economic beat, Canada's unemployment rate inched down to 6.9 percent in May, from 7.1 percent in April, Statistics Canada said Friday.

The jobless rate is now at its lowest rate since July 2015, after Canada's economy added better-than-expected 14,000 jobs in May.

The Canadian dollar traded lower at 0.7839 U.S. dollar, compared with Thursday's closing rate of 0.7866 U.S. dollar. 

source : xinhua 

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 stocks down sharply over falling oil prices Arab Today, arab today canadian stocks down sharply over falling oil prices

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives Algerian heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives Algerian heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 13:18 2017 Thursday ,23 February

Bahrain Bourse daily trading report

GMT 05:51 2017 Thursday ,23 February

Saudi stocks edge up as Brent futures rebound

GMT 20:48 2017 Wednesday ,22 February

Dividend announcements drive Muscat bourse

GMT 16:56 2017 Wednesday ,22 February

Global gold prices drop

GMT 16:01 2017 Wednesday ,22 February

Tadawul edges down 0.2%

GMT 13:22 2017 Wednesday ,22 February

Canadian stock market closes at record high

GMT 11:50 2017 Wednesday ,22 February

Most Asia markets up as Hong Kong rebounds

GMT 20:52 2017 Tuesday ,21 February

Asia stocks consolidate recent gains; China shines
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
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