50% Off! Beat the market in 2025 with InvestingProCLAIM SALE

CANADA STOCKS-TSX little changed as gold prices weigh on resource shares

Published 2017-07-11, 10:55 a/m
© Reuters. CANADA STOCKS-TSX little changed as gold prices weigh on resource shares
XAU/USD
-
POT
-
GC
-
GOLD
-
AEM
-
GSPTSE
-
ATDb
-
BNS
-
CNQ
-
TD
-
WFG
-
SPTTGD
-
SPTTFS
-
GSPTTMT
-
SPTTEN
-
SU
-

* TSX down 40.16 points, or 0.27 percent, at 15,065.12

* Six of 10 main groups in negative territory (Adds details, updates prices)

TORONTO/OTTAWA, July 11 (Reuters) - Canada's main stock index was little changed on Tuesday as lower commodity prices weighed on resource shares, while the heavyweight financials group also lost ground.

Gold producers .SPTTGD slipped 0.8 percent as gold futures GCc1 fell 0.3 percent to $1,209 an ounce with markets anticipating tighter U.S. monetary policy. GOL/

Barrick Gold ABX.TO fell 0.8 percent to C$20.2 and Agnico Eagle Mines AEM.TO was down 0.7 percent at C$56.95.

The resource sector .GSPTTMT was down 0.5 percent, with Potash Corp POT.TO down 1 percent at C$21.91.

Toronto Dominion Bank TD.TO was among the biggest drags on the index, down 0.4 percent at C$65.06, while Bank of Nova Scotia BNS.TO fell 0.7 percent to C$56.95.

The financials group .SPTTFS , which accounts for about 30 percent of the index, slipped 0.2 percent.

In mid-morning trade, the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 40.16 points, or 0.27 percent, at 15,065.12. Of the index's 10 main groups, six were in negative territory.

Energy shares .SPTTEN recovered from early morning losses to rise 0.3 percent. Oil prices turned higher after being pressured as several banks cut their forecasts for crude this year and next. Energy SU.TO rose 0.2 percent to C$36.59, while Canadian Natural Resources CNQ.TO advanced 0.7 percent to C$37.22.

Shares of timber producers were mixed as wildfires in the western province of British Columbia disrupted timber and mining operations and forced thousands from their homes. Fraser Timber WFT.TO fell 0.3 percent to C$60.47 after it said it had temporarily suspended operations at three sites.

On the upside, shares of Alimentation Couche Tard ATDb.TO rose 2.1 percent to C$60.57 after TD Securities raised its target to C$78 from C$75. RCH/CA

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.