Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

CANADA STOCKS-TSX hits fresh six-week low as gold retreats

Published 2018-03-28, 10:14 a/m
© Reuters.  CANADA STOCKS-TSX hits fresh six-week low as gold retreats

March 28 (Reuters) - Canada's main stock index hit fresh six-week lows on Wednesday as a retreat in gold prices dragged mining companies lower, though a bounce in retailers helped keep the losses in check.

* Gold miners were the biggest drag on materials sector with First Quantum FM.TO , Barrick Gold ABX.TO , Teck Resources TECKb.TO falling more than 2 percent each as gold eased from Tuesday's near six-week highs. GOL/

* The energy sector was the also down as oil prices slipped from 2018 peaks after a report showed a surprisingly large increase in U.S. crude inventories. O/R

* Lululemon Athletica 's LULU.O U.S.-listed shares gained nearly 10 percent after the athletic apparel maker reported a surprisingly strong fourth-quarter profit and forecast further growth in the first quarter. BlackBerry BB.TO rose about 3 to $2.75 after it beat profit estimates for the fourteenth straight quarter on higher margins from software and services sales. Hudson's Bay HBC.TO fell 3.5 percent to $8.21 after the department store operator's quarterly profit missed expectations as a tough retail environment weighed sales and margins. At 9:39 a.m. ET (1339 GMT), the Toronto Stock Exchange's S&P/TSX Composite Index .GSPTSE was down 46.45 points, or 0.31 percent, to 15,169.73.

* The largest percentage gainer on the TSX was Badger Dayligting BAD.TO , which rose 11.8 percent, while the largest decliner was Torex Gold Resources TXG.TO , down 8.4 percent.

* Among the most active Canadian stocks by volume were Aurora Cannabis ACB.TO , Sprott Resource SRHI.TO and BlackBerry.

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

* The TSX posted no new 52-week highs and nine new lows. Across all Canadian issues there were one new 52-week highs and 17 new lows.

* Volume on the TSX index was 12.85 million shares, while the total volume on Wednesday was 21.75 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.