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4-Traders Homepage  >  Indexes  >  Toronto Stock Exchange  >  S&P/TSX Composite index    0000   XC0009695252

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TSX falls, weighed by resource shares as oil prices fall

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03/07/2018 | 10:35pm CEST
FILE PHOTO: A sign board displaying Toronto Stock Exchange stock information is seen in Toronto

TORONTO (Reuters) - Canada's main stock index fell on Wednesday as a drop in commodity prices weighed on resource shares, while steel producer Stelco Holdings Inc rallied on prospects for Canada to be exempted from proposed U.S. metals tariffs.

* The White House said Canada and Mexico, and possibly other countries, may be exempted from planned U.S. import tariffs on steel and aluminum on the basis of national security.

* Stelco rose 3.9 percent to C$24.63. The stock had hit a nearly seven-week low on Tuesday at C$23.00.

* The Toronto Stock Exchange's S&P/TSX composite index closed down 72.58 points, or 0.47 percent, at 15,472.61.

* The resignation of Gary Cohn, top economic adviser to U.S. President Donald Trump, intensified investor worries over a global trade war, while the Bank of Canada said trade policy is an "important and growing source of uncertainty."

* The materials group, which includes precious and base metals miners and fertilizer companies, lost 1.4 percent.

* Agnico Eagle Mines Ltd fell 2.0 percent to C$49.47 after Credit Suisse cut its price target on the stock.

* Gold futures fell 0.2 percent to $1,326 an ounce, while U.S. crude oil futures settled 2.3 percent lower at $61.15 a barrel. [GOL/][O/R]

* The energy group fell nearly 1 percent, with TransCanada Corp down 2.3 percent at C$55.65.

* The shares of trade-sensitive auto parts and railroad companies lost ground. Magna International Inc declined 0.4 percent to C$67.66 and Canadian National Railway Co was down 0.7 percent at C$94.09.

* Great Canadian Gaming Corp rose 12.4 percent to C$38.15 after reporting fourth-quarter results after the bell on Tuesday.

(Reporting by Fergal Smith; Editing by Bernadette Baum and James Dalgleish)

By Fergal Smith

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.17% 24657.8 Delayed Quote.-0.25%
NASDAQ 100 0.73% 7280.7047 Delayed Quote.13.00%
NASDAQ COMP. 0.72% 7781.5146 Delayed Quote.11.91%
S&P 500 0.17% 2767.32 Real-time Quote.3.33%
S&P/TSX COMPOSITE INDEX 0.64% 16420.95 Delayed Quote.0.66%
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Chart S&P/TSX COMPOSITE INDEX
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S&P/TSX Composite index Technical Analysis Chart | 0000 | XC0009695252 | 4-Traders
Technical analysis trends S&P/TSX COMPOSITE INDEX
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Top / Flop S&P/TSX COMPOSITE INDEX
CANOPY GROWTH CORP 45.36 Delayed Quote.6.65%
MEG ENERGY CORP 10.17 Delayed Quote.6.38%
BOMBARDIER, INC. 5.33 Delayed Quote.5.54%
AURORA CANNABIS INC 9.99 Delayed Quote.4.72%
APHRIA INC 12.44 Delayed Quote.4.19%
KIRKLAND LAKE GOLD LTD 26.22 Delayed Quote.-3.67%
TRANSCONTINENTAL INC. 31.28 Delayed Quote.-3.90%
CANADA GOOSE HOLDINGS INC 85.23 Delayed Quote.-5.02%
GREAT CANADIAN GAMING CORP 48 Delayed Quote.-10.91%
DOLLARAMA INC 52.86 Delayed Quote.-65.56%
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