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CANADA STOCKS-Bank stocks, dismal retail sales data drive TSX lower

Published 2021-03-19, 10:10 a/m
© Reuters.

(Updates prices, adds sector details)

March 19 (Reuters) - Canada's main stock index fell on Friday, pressured by weakness in energy and bank stocks, while data showed domestic retail sales fell in January further denting sentiment.

* The energy sector .SPTTEN dropped 0.8% as a new wave of coronavirus infections across Europe triggered fresh lockdowns, while the financials sector .SPTTFS slipped 0.7%.

* Domestic retail sales fell 1.1% to C$52.55 billion ($42.07 billion) in January compared with the previous month, as provincial governments began re-introducing health restrictions to combat a resurgence in coronavirus cases, Statistics Canada said. At 9:41 a.m. ET (13:41 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 65.17 points, or 0.35%, at 18,771.3.

* Miner Teck Resources Ltd TECKb.TO fell 3.4%, the most on the TSX, followed by fuel-cell products maker Ballard Power Systems Inc BLDP.TO , down 3.1%.

* On the TSX, 85 issues advanced, while 127 issues declined in a 1.49-to-1 ratio favoring decliners, with 173.81 million shares traded.

* The largest percentage gainers on the TSX were gold miners Kirkland Lake Gold Ltd KL.TO and NovaGold Resources Inc. NG.TO , both up 2.4%.

* The most heavily traded shares by volume were Toronto-Dominion Bank TD.TO , Enbridge Inc ENB.TO , and Canadian Natural Resources Limited CNQ.TO .

* The TSX posted no new 52-week high or low.

* Across Canadian issues, there were 15 new 52-week highs and two new lows, with total volume of 197.52 million shares.

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