⏳ Final hours! Save up to 60% OFF InvestingProCLAIM SALE

TSX falls on oil weakness, dismal trade data

Published 2020-06-04, 10:24 a/m
© Reuters.
XAU/USD
-
GC
-
LCO
-
CL
-
GLD
-
GSPTSE
-
BTE
-
CNQ
-
MX
-
SVM
-
GSPTTIN
-
SPTTFS
-
GSPTTMT
-
SPTTEN
-
SU
-
IMO
-
USO
-
GOOS
-

June 4 (Reuters) - Canada's main stock index fell on Thursday as the heavyweight energy sector dropped on lower oil prices, with bleak trade data for April further denting sentiment.

* The nation's exports and imports plunged in April as the coronavirus-fueled lockdowns forced factories and retail stores to shut businesses, Statistics Canada said. At 9:44 a.m. ET (13:44 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 41.53 points, or 0.27%, at 15,533.58.

* The energy sector .SPTTEN dropped 0.9% as U.S. crude CLc1 prices were down 1.5%, while Brent crude LCOc1 lost 1.0%. O/R

* The financials sector .SPTTFS slipped 1.0%. The industrials sector .GSPTTIN remain unchanged.

* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, added 1.6% as gold futures GCc1 rose 0.9% to $1,713.3 an ounce. GOL/

* On the TSX, 68 issues were higher, while 158 issues declined for a 2.32-to-1 ratio to the downside, with 34.09 million shares traded.

* The largest percentage gainer on the TSX was Silvercorp Metals Inc SVM.TO , which jumped 5.8%.

* Its gains were followed by Methanex Corp MX.TO , which rose 5.4% after the methanol producer and supplier secured additional financial flexibility under its credit facilities.

* Baytex Energy Corp BTE.TO fell 4.7%, the most on the TSX.

* The second-biggest decliner was outdoor apparel maker Canada Goose Holdings Inc GOOS.TO , down 3.8%, after surging on Wednesday as it announced plans to limit shipments to department stores and focus on its own outlets and website.

* The most heavily traded shares by volume were Canadian Natural Resources Ltd CNQ.TO , down 0.9%; Suncor Energy Inc SU.TO , down 0.9% and Imperial Oil Ltd IMO.TO , down 1.0%.

* The TSX posted no new 52-week highs and no new lows.

* Across all Canadian issues there were five new 52-week highs and no new lows, with total volume of 51.07 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.