Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

CANADA STOCKS-TSX slips modestly in broad retreat

Published 2016-12-30, 10:52 a/m
Updated 2016-12-30, 11:00 a/m
© Reuters.  CANADA STOCKS-TSX slips modestly in broad retreat

* TSX down 39.42 points, or 0.26 percent, to 15,382.7

* Nine of the TSX's 10 main groups were down

TORONTO, Dec 30 (Reuters) - Canada's main stock index dipped on Friday as resource and financial stocks led broad but modest declines in the final trading day of the year.

Enbridge Inc ENB.TO was the most influential decliner on the index, falling 1.0 percent to C$56.52. The overall energy group remain little changed, down less than 0.1 percent.

Toronto Dominion Bank TD.TO and Canadian National Railway Co CNR.TO also were top movers, with TD Bank declining 0.3 percent to C$66.55 and CN Rail slipping 0.6 percent to C$91.29.

Financials eased 0.1 percent, while industrial stocks fell 0.3 percent.

At 10:40 a.m. ET (1540 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE fell 39.42 points, or 0.26 percent, to 15,382.70.

Of the index's 10 main groups, all but healthcare, which was up 2.8 percent, fell.

The materials group, which includes precious and base metals miners and fertilizer companies, lost 0.6 percent. Barrick Gold Corp ABX.TO shares fell 0.9 percent to C$21.93.

In the previous session, a rally in gold mining stocks helped push the TSX to its highest level since April 2015.

Declining issues outnumbered advancing ones on the TSX by 163 to 77, for a 2.12-to-1 ratio on the downside.

The index was posting three new 52-week highs and no new lows.

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.