Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

CANADA STOCKS-TSX pushed down by energy stocks

Published 2020-11-17, 10:12 a/m
© Reuters.
GSPTSE
-
CAE
-
GSPTTMT
-
SPTTEN
-
SU
-
ENB
-
TRIL
-
FIRE
-
JWEL
-

Nov 17 (Reuters) - Energy stocks pressured Canada's main stock index on Tuesday, as oil prices fell due to tightening coronavirus-driven restrictions across the world.

* The energy sector .SPTTEN dropped 2.5% and was among the worst performing sectors on the main index, as crude prices fell nearly 1%. O/R

* Several states including New Jersey, California and Iowa imposed fresh restrictions as the pandemic reached its most perilous point yet in the United States. Also weighing down the TSX, the materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, lost 0.9%.

* At 9:37 a.m. ET (1437 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 113.62 points, or 0.67%, at 16,776.19.

* Locally, data showed Canadian wholesale trade increased by 0.9% in September from August, beating analyst expectations, on higher sales in the food, beverage and tobacco subsector. The largest percentage gainers on the TSX were cancer drug developer Trillium Therapeutics Inc TRIL.TO , which jumped 2.9%, and wellness products maker Jamieson Wellness Inc JWEL.TO , which rose 1.1%.

* On the TSX, 36 issues were higher, while 181 issues declined for a 5.03-to-1 ratio to the downside, with 12.31 million shares traded.

* CAE Inc CAE.TO fell 5.6%, the most on the TSX, after the flight simulators maker acquired Flight Simulation Company BV for 70 million euros ($83.05 million).

* The most heavily traded shares by volume were Enbridge Inc ENB.TO , Supreme Cannabis Company Inc FIRE.TO and Suncor Energy Inc SU.TO .

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

* Across all Canadian issues there were 25 new 52-week highs and no new low, with total volume of 25.32 million shares. ($1 = 0.8429 euros)

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.