June's AI-picked stock updates now live. See what's new in Tech Titans, up 28.5% year to date.Unlock Stocks

CANADA STOCKS-TSX slides to a 1-week low, pressured by weak Chinese data

Published 2016-10-13, 10:27 a/m
© Reuters.  CANADA STOCKS-TSX slides to a 1-week low, pressured by weak Chinese data
XAU/USD
-
TECK
-
GC
-
CL
-
GOLD
-
GSPTSE
-
BNS
-
TD
-
SU
-
GG
-

(Adds details throughout on stocks and sectors, updates prices)

* TSX down 119.73 points, or 0.82 percent, to 14,499.24

* Index touches its lowest since Oct. 4 at 14,472.78.

* All of the TSX's 10 main groups were lower

TORONTO, Oct 13 (Reuters) - Canada's main stock index fell to a more than one-week low on Thursday, suffering broad-based losses as China's weak trade data and the prospects of a Federal Reserve interest rate hike by the end of the year weighed on global markets.

At 10:06 a.m. EDT (1406 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE fell 119.73 points, or 0.82 percent, to 14,499.24. It touched its lowest since Oct. 4 at 14,472.78.

All of the index's 10 main groups were lower.

Some of the most influential movers on the index were the country's heavyweight bank stocks. Bank of Nova Scotia BNS.TO fell 1.0 percent to C$69.26 and Toronto-Dominion Bank TD.TO declined 0.8 percent to C$57.45, while the overall financials group was down 0.9 percent.

The energy group fell 1.2 percent, including a 1.3 percent drop in the shares of Suncor Energy Inc SU.TO to C$36.72.

U.S. crude CLc1 prices were down 0.3 percent at $50.05 a barrel as the market braced for U.S. government data likely to show the first crude inventory build in six weeks, with record Chinese imports of crude limiting losses. O/R

Industrials fell 0.9 percent, including losses for railway stocks.

The materials group, which includes precious and base metals miners and fertilizer companies, dipped 0.3 percent.

Teck Resources Ltd TCKb.TO fell nearly 5 percent to C$23.51 after having reached its highest in more than two years on Wednesday.

Goldcorp Inc G.TO climbed 1.2 percent to C$19.26 and Barrick Gold Corp ABX.TO advanced 0.8 percent to C$21.19 as spot gold XAU= gained 0.5 percent. GOL/

Canadian resale home prices rose in September from a month earlier while new home prices were up in August, separate reports showed on Thursday, suggesting that slowing sales in some regions have not yet cooled prices.

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.