Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Toronto shares hit five-month low as sell-off resumes

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/08/2018 | 10:47pm CEST
Businessmen pass the Toronto Stock Exchange sing in Toronto

(Reuters) - Canada's main stock index tumbled on Thursday, ending at its lowest level in nearly five months as a sell-off on Wall Street deepened and as a drop in oil prices hit energy shares.

- The Toronto Stock Exchange's S&P/TSX composite index ended down 264.97 points, or 1.73 percent, at 15,065.61.

- After trading little changed earlier in the session, Bay Street joined the global rout in equities as the benchmark S&P 500 shed more than 4 percent, putting the index in correction territory. [.N]

- Selling in Toronto accelerated into the closing bell, with the TSX ending at the day's low, making for its lowest close since Sept. 11.

- The losses added on to a retreat that began on Monday, putting the index on track to decline more than 3 percent for the week.

- Suncor Energy Inc reversed earlier declines and was one of the biggest drags on the index, down 2.4 percent at C$41.44 after it reported higher fourth-quarter profit on stronger oil prices and lower costs.

- The energy group retreated 2.8 percent as oil settled down 64 cents at $61.15 a barrel after data showed U.S. crude output had reached record highs. [O/R]

- The financials group also dragged the market lower, slipping 1.6 percent as Royal Bank of Canada declined 1.8 percent to C$99.24 and Bank of Montreal fell 2.4 percent to C$95.51.

- The selling was broad-based with all 10 of the index's main sectors in the red. The subindex of gold producers eked out a small gain of 0.1 percent as investors searched for safety.

- Shares of Bombardier Inc declined 2.1 percent to C$3.20 after the plane and train maker missed out on a contract to provide rail cars for one of the world's biggest light rail systems in Montreal.

- Canada Goose Holdings Inc declined 16.1 percent to C$40.15 after releasing its quarterly results.

- Volume on the TSX index was 256.44 million shares.

(Reporting by Leah Schnurr; Editing by Lisa Shumaker)

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.45% 25299.92 Delayed Quote.1.90%
NASDAQ 100 0.62% 7447.1679 Delayed Quote.15.71%
NASDAQ COMP. 0.65% 7870.8945 Delayed Quote.13.27%
S&P 500 0.64% 2839.96 Real-time Quote.5.97%
S&P/TSX COMPOSITE INDEX 0.49% 16330.67 Delayed Quote.0.26%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
01:11aIRRI INTERNATIONAL RICE RESEARCH INSTITUTE : and CSIRO collaborate on new ways to protect rice crops from devastating diseases
PU
01:11aDEPARTMENT OF TREASURY AUSTRALIAN GOVERNMENT : More power in the hands of consumers
PU
01:00aMEMORIAL HEALTH SERVICES : Long Beach Medical Center & Miller Children’s & Women’s Hospital Long Beach Stay CNOR® Strong for Third Consecutive Year
PU
12:46aBerkshire boosts Goldman, Teva stakes; buys more Apple
RE
12:13aDiamondback to buy Energen in $9.2 billion deal to boost Permian presence
RE
12:02aErdogan says Turkey will boycott U.S. electronics, lira steadies
RE
12:01aNORTH DAKOTA DEMOCRATIC NPL PARTY : Cramer Out of Touch with ND, Example Infinity
PU
08/14West Virginia Court Impeachment Sets Up a Legal Showdown -- Update
DJ
08/14PETA PEOPLE FOR ETHICAL TREATMENT OF ANIMALS : ‘I’m ME, Not MEAT’ Billboard Aims to Honor Cows Killed in Truck Crash
PU
08/14Berkshire boosts Goldman, Teva stakes; buys more Apple
RE
Latest news "Economy & Forex"
Advertisement