NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

CANADA STOCKS-TSX falls as U.S. crude stockpile, virus cases hit energy shares

Published 2020-10-28, 09:58 a/m
© Reuters.
LCO
-
CL
-
GSPTSE
-
BBDb
-
BMO
-
CLS
-
FVI
-
GSPTTMT
-
SPTTEN
-
RY
-
TGZ
-
FSV
-

Oct 28 (Reuters) - Canada's main stock index fell on Wednesday, weighed by energy stocks as a surge in U.S. crude stockpile and rising coronavirus cases in the United States and Europe raised fears of a supply glut and weaker fuel demand.

* The energy sector .SPTTEN dropped 3% as U.S. crude CLc1 prices were down 5.4% a barrel, while Brent crude LCOc1 lost 4.7%. O/R

* At 9:37 a.m. ET (13:37 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 233.4 points, or 1.46%, at 15,787.54.

* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, lost 2.7%

** Fortuna Silver Mines Inc FVI.TO fell 6.5%, the most on the TSX, while Teranga Gold Corp TGZ.TO slumped 6%.

* The country's central bank is expected to announce its interest rate decision at 10:00 a.m. ET, and hold it at 0.25%.

* On the TSX, three issues were higher, while 220 issues declined for a 73.33-to-1 ratio to the downside, with 20.15 million shares traded.

* The largest percentage gainers on the TSX were Firstservice Corp FSV.TO , which jumped 2.2% and Celestica Inc CLS.TO , which rose 0.7% after both companies posted upbeat third-quarter results.

* The most heavily-traded shares by volume were Bank of Montreal BMO.TO , Bombardier Inc BBDb.TO , and Royal Bank of Canada RY.TO .

* The TSX posted no new 52-week highs and one new low.

* Across all Canadian issues there were one new 52-week highs and nine new lows, with a total volume of 35.78 million shares.

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.