Canadian stock market ends lower

Image
IANS Toronto
Last Updated : Jan 01 2016 | 9:07 AM IST

Canada's main stock market in Toronto went down amid broad-based losses ahead of the New Year's Day holiday on Friday.

The Toronto Stock Exchange's benchmark Standard & Poor's/ TSX Composite Index fell 132.34 points, or 1.01 percent, to 13,009.95 points on Thursday, Xinhua reported.

Seven of the TSX index's eight main sectors lost ground.

Among consumer staples, the biggest tumbler, Metro Inc. lost 76 cents, or 1.9 percent, to 39.17 Canadian dollars a share.

In the financial sector, Royal Bank of Canada fell 1.4 percent to 74.54 Canadian dollars a share, while Toronto-Dominion Bank was down 1.2 percent at 54.33 Canadian dollars a share.

Railway stocks also headed lower, including a 2-percent drop in Canadian National Railway to 76.80 Canadian dollars a share.

Air Canada fell 0.5 percent to 10.17 Canadian dollars a share. Turbulence on the airline's flight from Shanghai to Toronto injured 21 passengers on Wednesday, forcing it to land in Calgary.

The materials group fell, including a 2.1 percent drop in Potash Corporation of Saskatchewan Inc to 23.72 Canadian dollars a share.

Energy sector was Thursday's only gainer as oil prices moved up amid rising geopolitical tensions in Middle East.

The Toronto stock market will be closed on Friday for New Year's Day.

The Canadian dollar was traded higher at $0.7225, compared to Wednesday's closing at $0.7202.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 01 2016 | 8:56 AM IST

Next Story