🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

CANADA STOCKS-TSX falls, pressured by drop in oil prices

Published 2016-03-29, 10:43 a/m
CANADA STOCKS-TSX falls, pressured by drop in oil prices
XAU/USD
-
AIO
-
TECK
-
GC
-
LCO
-
CL
-
QUB
-
GSPTSE
-
BN
-
SU
-
RY
-
TSGI
-

(Adds trading details, updates prices)
* TSX down 108.24 points, or 0.81 percent, to 13,281.95
* Nine of the TSX's 10 main groups fall

TORONTO, March 29 (Reuters) - Canada's main stock index
sustained broad-based losses on Tuesday, as a drop in oil prices
weighed on the resource-linked market.
The most influential movers included Suncor Energy Inc
SU.TO , which fell 2.1 percent to C$35.05, and Royal Bank of
Canada RY.TO , which declined 0.7 percent to C$74.21.
The overall energy group retreated 2.2 percent, while
financials were down 0.7 percent.
U.S. crude prices CLc1 were down 3.4 percent to $38.07 a
barrel, while Brent crude LCOc1 lost 3.1 percent to
$39.01.
The materials group, which includes precious and base metals
miners and fertilizer companies, lost 0.7 percent.
It included a 5.2 percent drop in the shares of Teck
Resources Ltd TCKb.TO to C$9.25.
At 10:34 a.m. EDT (1434 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE was down 108.24 points, or
0.81 percent, to 13,281.95. Nine of the index's 10 main groups
were lower.
Australia's Qube Holdings Ltd QUB.AX and Canada's
Brookfield Asset Management Inc BAMa.TO are raising a A$1
billion ($753 million) loan to help pay for the ports business
of Asciano Ltd AIO.AX , in a carve-up of Australia's largest
ports and rail operator, people familiar with the transaction
said.
The shares of Brookfield fell 0.3 percent to C$44.34.
Kinross Gold rose 4.5 percent to C$4.17, helped by
strengthening in the price of gold XAU= ahead of a speech by
Federal Reserve Chair Janet Yellen. GOL/
The shares of Amaya Inc AYA.TO rose 3.8 percent to C$15.37
after the gambling website operator said its chief executive was
taking an indefinite paid leave of absence.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.