Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

CANADA STOCKS-TSX falls on fresh lockdown measures; oil weighs

Published 2020-09-29, 10:15 a/m
© Reuters.

(Updates with sectors)

Sept 29 (Reuters) - Canada's main stock index fell on Tuesday as fresh COVID-19 lockdown measures on bars and restaurants dampened recovery hopes, while energy stocks fell on lower oil prices as rising coronavirus infections caused demand worries.

Investors were also cautious ahead of the first U.S. presidential debate due later in the day, and kept a close watch for any progress on stimulus packages from Washington.

* The energy sector .SPTTEN dropped 2.5% as U.S. crude CLc1 prices were down 2.0% a barrel, while Brent crude LCOc1 lost 1.6%. O/R

* At 9:45 a.m. ET (1345 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 57.68 points, or 0.36%, at 16,185.13.

* Producer prices in Canada rose by 0.3% in August from July on higher prices for primary non-ferrous metal products, data showed on Tuesday. The financials sector .SPTTFS slipped 0.7%, while the industrials sector .GSPTTIN fell 0.2%.

* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, added 0.6% as gold futures GCc1 rose 0.7% to $1,885.6 an ounce. GOL/ MET/L

* On the TSX, 89 issues were higher, while 126 issues declined for a 1.42-to-1 ratio to the downside, with 17.04 million shares traded.

* The largest percentage gainers on the TSX were MAG Silver Corp MAG.TO , which jumped 5.7% and OceanaGold Corp OGC.TO , which rose 3.7%.

* Aurora Cannabis ACB.TO fell 5.2%, the most on the TSX, after Jefferies cut its price target on the stock while the second biggest decliner was Crescent Point Energy CPG.TO , down 4.7%.

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 Bank of Nova Scotia BNS.TO , Canadian Imperial Bank of Commerce CM.TO and Suncor Energy SU.TO .

* The TSX posted four new 52-week highs and one new low.

* Across all Canadian issues, there were eight new 52-week highs and three new lows, with total volume of 30.11 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.