🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

CANADA STOCKS-TSX snaps three-day winning streak as materials stocks drag

Published 2020-12-18, 10:24 a/m
© Reuters.

(Adds sector details; updates prices)

Dec 18 (Reuters) - Canada's main stock index shed initial gains on Friday to snap its three-day winning streak due to weakness in materials sector, while strength in energy stocks and upbeat domestic retail sales data helped limit losses.

* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, lost 1.1% as Spot gold XAU= fell 0.1% to $1,884.71 per ounce, retreating from a one-month peak scaled in the last session. GOL/

* At 09:41 a.m. ET (14:41 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 39.46 points, or 0.22%, at 17,613.48.

* BlackBerry Ltd BB.TO fell 6.6%, the most on the TSX, after the cybersecurity firm missed Wall Street estimates for third-quarter revenue. The second biggest decliner was Enghouse Systems Ltd ENGH.TO , down 3.5%.

* The energy sector .SPTTEN climbed 0.6% as U.S. crude CLc1 prices were up 0.8% a barrel, while Brent crude LCOc1 added 0.6%. O/R

* Canadian retail sales grew 0.4% to $54.59 billion ($42.65 billion) in October, led by motor vehicle and parts dealers, Statistics Canada said. The financials sector .SPTTFS slipped 0.1%, while the industrials sector .GSPTTIN rose 0.2%.

* On the TSX, 66 issues advanced, while 148 issues declined in a 2.24-to-1 ratio favoring losers, with 104.13 million shares traded.

* The largest percentage gainers on the TSX were media company Corus Entertainment Inc CJRb.TO that added 3.2%, and uranium producer Cameco Corp CCO.TO that rose 2.8%.

* The most heavily traded shares by volume were Toronto-Dominion Bank TD.TO , Royal Bank of Canada RY.TO , and Enbridge Inc ENB.TO .

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

* Across Canadian issues, there were 81 new 52-week highs and three new lows, with total volume of 120.84 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.