By Commodity News Service Canada
June 15 – Financial stocks were hit hard on the TSX Thursday amid concerns over economic growth and lower prices for oil and gold.
The S&P/TSX composite index closed down 9.71 points at 15,160.42, a 0.1 per cent drop.
Following early-day loses by all 10 of the index’s main groups, just three groups ended the day lower.
The Canadian dollar closed at US$0.7528 cents U.S. or C$1.3283, losing 0.43 of a cent. That compares to Wednesday’s close of US$0.7571 or C$1.3209.
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By Commodity News Service Canada Winnipeg, Jan. 19 (CNS) – Following are a few highlights in the Canadian and world…
The July crude contract dropped 27 cents U.S. to near six-month lows at US$44.46 per barrel. The August gold contract fell US$21.30 to US$1,254.60 per ounce.
U.S. exchanges also posted losses as a recent slide in technology stocks fell into a sharper fall Thursday.
The Dow Jones Industrial average fell 14.66 points, or 0.01 per cent, to 21,359.90, the tech-heavy Nasdaq Composite fell 29.39 points to 6,165.50, a drop of 0.05 per cent, and the S&P 500 fell 5.46 points to 2,432.46 or 0.2 per cent.
The U.S. Federal Reserve’s June 14 decision to raise interest rates by a quarter point was seen as a major reason for the Wall Street fallback.
Corn futures for the July contract ended the day at US$3.7950, up 2.5 cents.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.69 at $ 24.69
Buhler Industries————– $ 0.00 at $ 4.21
Maple Leaf Foods————-up $ 0.05 at $ 33.10
Potash Corp. of Sask———dn $ 0.34 at $ 21.81
(All figures in Canadian dollars.)
