TSX dips as Trump to restore tariffs on metal imports from Brazil, Argentina
Reuters
Published Dec 02, 2019 11:07
TSX dips as Trump to restore tariffs on metal imports from Brazil, Argentina
(Reuters) - Canada's main stock index fell on Monday, tracking global stocks, as U.S. President Donald Trump decided to restore tariffs on steel and aluminum imports from Brazil and Argentina, shrugging off a jump in oil prices following strong data from China.
* At 10:37 a.m. ET (15:37 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 51.91 points, or 0.3%, at 16,988.29.
* Canadian manufacturing activity expanded in November for the third consecutive month as production climbed at a faster pace and new orders continued to grow, but the momentum was subdued compared to historical levels.
* The energy sector dropped 0.2% even as U.S. crude prices were up 1.7% a barrel, while Brent crude added 1.3%. [O/R]
* The financials sector slipped 0.2%, while the industrials sector fell 0.1%.
* The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.3% despite gold futures falling 0.3% to $1,461.2 an ounce. [GOL/] [MET/L]
* On the TSX, 81 issues were higher, while 147 issues declined for a 1.81-to-1 ratio to the downside, with 53 million shares traded.
* The largest percentage gainers on the TSX were Bombardier B and Meg Energy Corp, which jumped 2.5% and 2.2%, respectively.
* Centerra Gold fell 20.8%, the most on the TSX, after open pit mining operations were temporarily halted at its Kumtor gold mine in Kyrgyzstan. The second biggest decliner was Shopify Inc, down 6.7%.
* The most heavily traded shares by volume were Continental Gold Inc, Husky Energy and Harte Gold Corp.
* Eight stocks on the TSX posted new 52-week highs and one fell to a new low.
* Across all Canadian issues there were 42 new 52-week highs and seven new lows, with total volume of 103.45 million shares.
Get The App
Written By: Reuters
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.