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Money Toronto stocks close lower, loonie up

03:31  04 july  2018
03:31  04 july  2018 Source:   msn.com

Toronto stock index trades at record high in late morning, loonie down

  Toronto stock index trades at record high in late morning, loonie down Toronto stock index trades at record high in late morning, loonie downThe S&P/TSX composite index was up 106.96 points at 16,423.49, topping its previous record intra-day high for the benchmark.

TORONTO - Canada's main stock index was in the red at late-morning as the key energy, financial and materials sectors all lost ground. The S&P/TSX composite index was down 85.19 points to 16,146.06, after 90 minutes of trading. In New York, the Dow Jones industrial average was up 8.61 points to 24

TORONTO - Canada's main stock index closed in the red Monday along with U.S. markets as concerns "On a day like this when the fears are perhaps translating back to trade fears, tariff fears and ultimately global growth fears, we're seeing it show up a little bit in global oil prices," said Fehr.

a wooden table© Provided by thecanadianpress.com

Canada's main stock index closed lower on a day that saw big swings in the oil price while U.S. stocks were down on a shortened trading day ahead of the U.S. July 4 holiday.

Oil was initially trading higher Tuesday, cresting US$75 a barrel for the first time since 2014 before it fell after comments by Saudi Arabia about increasing production, said Craig Jerusalim, portfolio manager at CIBC Asset Management.

"There were indications they had agreed to pump more oil. There had been some soft pressures from the U.S. in the form of tweets suggesting that that's a direction they wanted them to go."

Toronto stock index pulls back, loonie lower

  Toronto stock index pulls back, loonie lower Canada's main stock index retreated from a record high Wednesday to close lower along with other North American markets Thursday. Trade fears were once again top of mind for investors to help push down markets in general, though the retreat in the TSX was in part due to the peak reached a day earlier, said Kash Pashootan, CEO and chief investment officer at First Avenue Investment Counsel Inc.

TORONTO -- Canada's main stock index ended lower as energy stocks weighed, while U.S. stock markets edged higher a day after they were closed for the July 4 holiday. In New York, the Dow Jones industrial average closed up 181.92 points at 24,356.74.

The S&P/TSX composite index was up 31.74 points to 16,297.56, after 90 minutes of trading. Toronto stocks trade higher, loonie moves lower after Trump trade tirade. Toronto , U.S. markets reverse earlier losses to close higher, loonie steady.

Oil prices have been climbing as the U.S. has ramped up pressure on allies not to buy Iranian oil as well as on production issues including at the Syncrude refinery in Alberta, but Jerusalim said Saudi Arabia could step in to stabilize supply.

"Saudi does have excess capacity, so to the extend that there could be disruptions in Iran or in other, non-OPEC countries, Saudi is there to fill the gap if need-be."

The indications of increased supply from Saudi Arabia caused a sharp US$2 a barrel drop in oil prices from the US$75.27 peak but the price recovered somewhat to end the day up 20 cents at US$74.14 per barrel for the August crude contract.

The price pressures sent the S&P/TSX capped energy index down 0.45 per cent, while the global base metal index had the biggest fall with a 2.7 per cent decline as the price of copper slid.

TSX ends at record high on energy rally

  TSX ends at record high on energy rally TSX ends at record high on energy rallyThe August crude contract closed up $3.04 or 4.64 per cent at US$68.58 after OPEC agreed to an increase in production that was both lower than expected and somewhat light on specifics, said Macan Nia, senior investment strategist at Manulife Investments.

Toronto market closes slightly up , while U.S. markets see bigger gains. Toronto stock market edges down, while U.S. stocks surge higher ; loonie down. The Calgary-based company's shares closed about one per cent lower at .23, continuing the

The Toronto stock market closed significantly lower as resource stocks lost ground on sinking commodity prices amid concerns over the economic impact of Japan's continuing nuclear crisis.

The S&P/TSX composite index closed down 14.57 points at 16,263.16, as gold and materials indexes help counter losses in other commodities.

Gold stocks were rising as the August gold contract closed up $11.80 at US$1,253.50 an ounce, though the metal is still down about US$100 an ounce since mid-April.

"Gold isn't as strong as you'd think it might have been given all the trade rhetoric and uncertainty, and that's largely on the strength of the US dollar," said Jerusalim.

He said Tuesday's slide in the U.S. dollar helped gold on the day, and also helped the Canadian dollar, which averaged 76.02 cents US to be up 0.08 of a US cent.

In New York, the Dow Jones industrial average closed down 132.36 points at 24,174.82. The S&P 500 index closed down 13.49 points at 2,713.22 and the Nasdaq composite index ended down 65.02 points at 7,502.67.

Stocks had started higher in the U.S. after President Trump indicated he wouldn't withdraw the U.S. from the World Trade Organization for now, but stocks swung down on other trade issues, said Jerusalim.

Toronto stocks lower, while loonie climbs

  Toronto stocks lower, while loonie climbs Toronto stocks lower, while loonie climbsThe S&P/TSX composite index was down 85.19 points to 16,146.06, after 90 minutes of trading.

Canada's main stock index closed higher Friday to continue its recent streak of gains, while the loonie moved lower on modest inflation and retail numbers.

Canada’s main stock index crept higher Tuesday along with U.S. markets, while the loonie moved lower compared with the U.S. dollar. The Toronto Stock Exchange’s S&P/TSX composite index closed up 24.51 points at 16,519.24 in broad gains, led by consumer discretionary and mining stocks .

"Later in the day we saw tit-for-tat, blocking and tackling going on between China and the U.S. where the U.S. had decided to block China Mobile's forays into the U.S., and then China temporarily blocked Micron's chip sales, and that largely sent the U.S. market lower."

U.S. markets also closed early Tuesday ahead of U.S. Independence Day, leading to lower volumes and more volatility, said Jerusalim.

"It really doesn't take much under those circumstances to spook the market."

The August natural gas contract was up one cent at US$2.87 per mmBTU and the September copper contract was down three cents to US$2.92 a pound.

Toronto market ticks lower, loonie moves down .
Toronto market ticks lower, loonie moves downThe S&P/TSX composite index closed down 41.84 points at 16,477.40.

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