Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

CANADA STOCKS-TSX falls with resource stocks

Published 2016-09-27, 10:40 a/m
© Reuters.  CANADA STOCKS-TSX falls with resource stocks
XAU/USD
-
OGC
-
GC
-
HG
-
LCO
-
CL
-
GOLD
-
BHC
-
GSPTSE
-
CNQ
-
FFH
-
SU
-
BTG
-

(Adds details on specific stocks, updates prices)

* TSX down 55.06 points, or 0.38 percent, at 14,564.40

* Six of the TSX's 10 main groups fall

TORONTO, Sept 27 (Reuters) - Canada's main stock index fell on Tuesday as energy stocks lost ground with lower oil prices, while miners also weighed as gold prices fell and the Philippine government ordered the suspension of 20 more mines for environmental violations.

At 10:04 a.m. EDT (1404 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 55.06 points, or 0.38 percent, at 14,564.40.

Crude oil futures fell as optimism faded for an output-limiting deal from an oil producer meeting in Algeria to curb one of the worst supply gluts in history. O/R

The energy group retreated 1.3 percent, with Canadian Natural Resources Ltd CNQ.TO down 1.6 percent to C$38.47 and Suncor Energy Inc SU.TO off 1.2 percent to C$34.26. Both are among the most influential movers on the index.

The materials group, which includes precious and base metals miners and fertilizer companies, lost 1.2 percent.

The TSX-listed shares of Australia-based OceanaGold Corp OGC.TO fell 10.4 percent to C$4.22 as it faced a suspension of operations in the Philippines. of the mines targeted by the government were nickel producers, and the news sent global prices CMNI3 up more than 1 percent.

Gold prices, meanwhile, fell as the U.S. dollar and Wall Street stocks gained ground on the view that U.S. presidential candidate Hillary Clinton got the better of rival Donald Trump in their first debate. GOL/ .N

Barrick Gold Corp ABX.TO fell 1.8 percent to C$23.30. Smaller producer B2Gold Corp BTO.TO fell 9.7 percent to

C$3.46.

Six of the index's 10 main groups were in negative territory, with two decliners for every gainer.

On the positive side, Fairfax Financial Holdings Ltd FFH.TO rose 1.4 percent to C$752.44 and Valeant Pharmaceuticals International Inc (NYSE:VRX) VRX.TO advanced 1.8 percent to C$34.85. It had slipped ahead of Monday night's presidential debate.

U.S. crude oil CLc1 prices were down 2.3 percent to $44.86 a barrel, while Brent LCOc1 lost 2.2 percent to $46.32. O/R

Gold futures GCc1 fell 0.8 percent to $1,328.7 an ounce and copper prices CMCU3 lost 0.9 percent to $4,798 a tonne. GOL/ MET/L

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.