Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Indexes  >  TORONTO-S&P/TSX Comp       

Mes dernières consult.
Most popular
News SummaryAll newsNews of the components ofTweets

TSX slips on materials shares, U.S. tax reform worries

share with twitter share with LinkedIn share with facebook
share via e-mail
11/09/2017 | 10:55pm CET
Businessmen pass the Toronto Stock Exchange sing in Toronto

Canada's main stock retreated for a second straight day on Thursday as materials and financial shares lost ground and worries about the prospects of U.S. tax reform weighed on Wall Street.

The Toronto Stock Exchange's S&P/TSX composite index closed down 23.26 points, or 0.14 percent, at 16,082.09, adding to modest losses since posting a record high close on Tuesday at 16,131.79.

The index has rallied 7.5 percent since September, buoyed by a rally in crude oil prices, while investors have worried less that a slowdown in the housing market will weigh on the outlook for bank shares.

"It's had a very nice run here. I think (the rally) may have gotten tired," said John Kinsey, portfolio manager at Caldwell Securities. "The U.S. didn't help out."

Wall Street ended lower as investors turned their attention to a U.S. Senate Republican plan that would delay corporate tax cuts that investors want very much.

The materials group, which includes precious and base metals miners and fertilizer companies, lost 0.8 percent, with Pan Am Silver shedding 6.2 percent to C$19.07 after reporting weaker-than-forecast quarterly results.

Six of the index's 10 main groups ended lower.

The heavyweight financial services sector dipped 0.1 percent despite a 4.1 percent gain for the shares of Manulife Financial Corp's to C$27.47 after the company late on Wednesday reported quarterly results that beat estimates.

The energy group edged up 0.1 percent as U.S. crude prices settled 0.6 percent higher at $57.17 a barrel.

Tourmaline Oil Corp jumped 7.8 percent to C$26.83 after reporting third-quarter results.

Magna International fell 1.2 percent to C$67.05 after warning that part of its transmission business could soften over the next couple of years.

Luxury apparel maker Canada Goose Holdings Inc surged 13.6 percent to C$31.41 after reporting quarterly earnings that exceeded analysts' forecasts.

Canadian Tire Corp Ltd also gained, rising 3.1 percent to C$162.42 after reporting a rise in quarterly retail sales.

(Additional reporting by Solarina Ho; Editing by Lisa Von Ahn and James Dalgleish)

By Fergal Smith

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on TORONTO-S&P/TSX COMP
10/26 Small mining companies shun London market after IPO flops
10/25 Canadian apparel firm Roots battered on debut by tough retail conditions
09/28 JEAN COUTU : TSX steady as BlackBerry rally helps offset energy slump
09/06 Canadian currency and bond yields surge, stocks fall after rate hike
09/05 TSX falls as financials lead retreat, Teck slumps
09/01DJLIVESTOCK HIGHLIGHTS : Top Stories of the Day
09/01 TSX slips as retailers weigh, notches 0.9 percent rise on week
08/29 TSX ends higher as energy and gold mining shares climb
08/28 TSX little changed as energy decline offset by miners
08/21 TSX ends flat as miner gains offset weaker energy
More news
News of the components of TORONTO-S&P/TSX COMP
08:30a TORONTO DOMINION BANK : Having Trouble Saving? Find the Right Strategy For You
11/18 TRANSCANADA : Thune, Noem, Rounds respond to Keystone oil leak
11/18 TRANSCANADA : 'This is our responsibility, plain and simple'
11/18 TRANSCANADA : Waterkeeper Alliance President Robert F. Kennedy, Jr. Responds to ..
11/18 BOMBARDIER : Ramps Up Hiring in Montreal As It Inaugurates Centre of Excellence ..
11/18 CAPITAL POWER : Declares Dividends for Its Common, Preference Shares
11/18 ONEX : Completes $7.15 Billion Fundraise for Onex Partners V
More news
Duration : Period :
TORONTO-S&P/TSX Comp Technical Analysis Chart | 4-Traders
Technical analysis trends TORONTO-S&P/TSX COMP
Short TermMid-TermLong Term
ELDORADO GOLD CORP 1.61 End-of-day quote.6.62%
PENGROWTH ENERGY CORP 1.14 End-of-day quote.6.54%
BAYTEX ENERGY CORP 3.9 End-of-day quote.6.27%
RMP ENERGY INC 0.7 End-of-day quote.6.06%
SEMAFO INC. 3.36 End-of-day quote.4.67%
AVIGILON CORP 20.07 End-of-day quote.-1.86%
PEYTO EXPLORATION & DEVELOPMENT CORP 16.27 End-of-day quote.-2.11%
FORTIS INC 47.49 End-of-day quote.-2.26%
BLACKPEARL RESOURCES INC. 1.06 End-of-day quote.-2.75%
QUEBECOR, INC. 24.85 End-of-day quote.-49.61%
Heatmap :