Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

CANADA STOCKS-TSX edges lower as energy stocks weigh

Published 2020-08-13, 10:27 a/m
Updated 2020-08-13, 10:30 a/m
© Reuters.

Aug 13 (Reuters) - Canada's main stock index fell on Thursday, weighed down by energy stocks as crude prices weakened after the International Energy Agency (IEA) cut its 2020 forecast for oil demand due to coronavirus-led travel restrictions.

* IEA warned that reduced air travel due to the pandemic would lower global oil demand this year by 8.1 million barrels per day (bpd). The energy sector .SPTTEN dropped 0.9% as U.S. crude CLc1 Brent crude LCOc1 prices lost about 0.5% each. O/R

* At 9:43 a.m. ET (1343 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 13.47 points, or 0.08%, at 16,561.81.

* The commodity-linked Canadian dollar advanced to its strongest level in nearly six months against the greenback on Thursday as data from the U.S. Labor Department supported optimism on global economic recovery. The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, added 1.4%. GOL/

* On the TSX, 111 issues were higher, while 104 issues declined for a 1.07-to-1 ratio favouring gainers, with 22.53 million shares traded.

* The largest percentage gainers on the TSX were software services provider Altus Group Ltd AIF.TO , which jumped 16%, and ECN Capital Corp ECN.TO , which rose 11.8%, after the companies reported their quarterly results.

* Great Canadian Gaming Corp GC.TO fell 3.6%, the most on the TSX, after posting a quarterly loss of 57 Canadian cents per share.

* The second biggest decliner was Brookfield Asset Management Inc BAMa.TO , down 2.1%, after it reported a loss of 43 cents per share in the quarter.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

* The most heavily traded shares by volume were Manulife Financial Corp MFC.TO , Enbridge Inc ENB.TO and StageZero Life Sciences SZLS.TO .

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

* Across all Canadian issues there were 10 new 52-week highs and no new low, with total volume of 41.63 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.