Heavy Losses for TSX at Close
Canada''s main stock index was heavily into the red by the close on Thursday, set for its biggest drop in over four months, weighed by resource and money stocks. TSX Composite index had stumbled 230.68 points, or 1.1%, to close at 20,059.92 The Canadian dollar deleted 0.33 cents to 79.79 cents U.S. Gold stocks suffered the biggest black eyes, with Centerra Gold stumbling 39 cents, or 4.1%, to $9.24, while Eldorado Gold faded 52 cents, or 4.1%, to $12.03. In materials, MAG Silver moved downward $1.27, or 4.8%, to $25.38, while Silvercrest Metals fumbled 42 cents, or 3.9%, to $10.25. Financials also struggled, with TD crumbling $3.29, or 3.8%, to $83.65, while IA Financial off $1.56, or 2.3%, to $65.83. The consumer staples tried to move in the opposite direction, with Maple Leaf Foods taking 31 cents, or 1.3%, to $25.13, while Alimentation Couche-Tard improved 57 cents, or 1.3%, to $45.57. ON BAYSTREET The TSX Venture Exchange dumped 18.35 points, or 2%, to 922.43. All but one of the 12 TSX subgroups were lower on the day, with gold swooning 2.5%, materials weaker by 1.9%, and financials down 1.8%.
Heavy Losses for TSX at Close
Canada''s main stock index was heavily into the red by the close on Thursday, set for its biggest drop in over four months, weighed by resource and money stocks. TSX Composite index had stumbled 230.68 points, or 1.1%, to close at 20,059.92 The Canadian dollar deleted 0.33 cents to 79.79 cents U.S. Gold stocks suffered the biggest black eyes, with Centerra Gold stumbling 39 cents, or 4.1%, to $9.24, while Eldorado Gold faded 52 cents, or 4.1%, to $12.03. In materials, MAG Silver moved downward $1.27, or 4.8%, to $25.38, while Silvercrest Metals fumbled 42 cents, or 3.9%, to $10.25. Financials also struggled, with TD crumbling $3.29, or 3.8%, to $83.65, while IA Financial off $1.56, or 2.3%, to $65.83. The consumer staples tried to move in the opposite direction, with Maple Leaf Foods taking 31 cents, or 1.3%, to $25.13, while Alimentation Couche-Tard improved 57 cents, or 1.3%, to $45.57. ON BAYSTREET The TSX Venture Exchange dumped 18.35 points, or 2%, to 922.43. All but one of the 12 TSX subgroups were lower on the day, with gold swooning 2.5%, materials weaker by 1.9%, and financials down 1.8%.