Canada’s main stock market fell into the red zone by noon on Monday, giving up the highs it made in the opening session.
The S&P/TSX Composite Index was down by 9.45 points, or 0.06 percent, at 15,165.36 on Thursday, July 17, 2017. It had an intraday high of 15,209.29 and an intraday low of 15,155.43.
The Canadian dollar was trading up by 0.36 percent at 1.2694, or 78.79 cents. After the announcement of the interest rate hike from the Canadian central bank, it has been an upscale trend for loonie. Whereas the US Federal Reserve’s slow policy tightening plan did not go well with the greenback.
Prices for oil, a major export for Canada, eased back on Monday as US crude oil WTI futures were down by 1.18 percent at 45.98 a barrel.
On the economic front, national home sales dropped 6.7 percent from May to June, according to data released by the Canadian Real Estate Association.
According to Statistics Canada, foreign investment in Canadian securities jumped to $29.5 billion in May, significantly higher from $10.6 billion in April