Canada’s main stock index fell into the red on Thursday, dragged down by losses in the energy sector on falling oil prices. Even so, oil and gas companies roared back onto the Toronto Stock Exchange’s annual 2022 list of the 30 best performing stocks on the index, as energy took 14 spots. The financials and telecom sectors moved higher.
Wall Street stocks also moved lower as the market took in several key data points. August retail sales rose 0.3 per cent last month according to new commerce data, much of the increase from higher vehicle spending. First-time unemployment claims fell to 213,000 in the week ended 10 September, according to the Labor Department, down from the previous week print of and below market expectations.
Today in the Markets
| TSX | 19,560.16 | -165.98 |  |
| TSXV | 637.49 | -16.38 | |
| CSE | 277.02 | -2.90 |  |
| DJIA | 30,961.82 | -173.27 | |
| NASDAQ | 12,552.38 | -167.32 | |
| S&P 500 | 3,901.35 | -44.66 | |
The Canadian dollar traded for 75.59 cents US compared to 75.93 cents US on Wednesday.
US crude futures traded 3.75 per cent lower at $85.16 a barrel, while the Brent contract lost 3.23 per cent to $90.87 a barrel.
The price of gold was down US32.25 to US$1,665.05.
In world markets, the Nikkei was up 57.29 points to 27,875.91, the Hang Seng was up 83.28 points to 18,930.38, the FTSE was up 4.77 points to 7,282.07, and the DAX was down 71.34 points to 12,956.66.
Get @ the Bell delivered to your email inbox every day!
DISCLAIMER: By viewing any material on or distributed by The Market Herald Publishing Ltd. and its Information Providers you agree to both the following disclaimer, and the full disclaimer that can be viewed here.
Any holdings, theories, speculation or trades appearing anywhere on The Market Herald network of websites should not be relied upon for purposes of transacting securities or other investments, nor should they be construed as an offer or solicitation of an offer to sell or buy any security. This applies to any material regardless of source, placement, presentation or reproduction. Any Information Providers to The Market Herald or employees of The Market Herald may from time to time have positions in the stocks or other entities mentioned anywhere on The Market Herald Network of websites. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. The Market Herald and its contributors makes no guarantee as to the validity of any information, speculation, theories or research presented herein whether pertaining to the past, present or future. The Service and The Materials are provided by The Market Herald and other Information Providers on an “as is” basis, and The Market Herald and other Information Providers expressly disclaim any and all warranties, express or implied, including, without limitation, warranties of satisfactory quality and fitness for a particular purpose, with respect to the service or any materials and products. In no event shall The Market Herald and other Information Providers be liable for any direct, indirect, incidental, punitive, or consequential damages of any kind whatsoever with respect to The Service, The Materials, and The Products.
