Stocks Feeling for Bruises

Dec 03, 2019 (Baystreet.ca via COMTEX) —

Equities in Canada’s largest market suffered from the same malaise that its cousins south of the border were feeling, as energy issues faded as the White House threw the prospect of a trade deal with China into further doubt.

The TSX Composite Index crumbled 89.29 points to conclude Tuesday at 16,892.18, though off its lows of the much of the day.

The Canadian dollar squeezed higher 0.05 to 75.20 cents U.S.

Energy stocks were in the worst mess, with MEG Energy handing back 18 cents, or 3.2%, to $5.42, while Enerplus docked 28 cents, or 3.4%, to $7.90.

Among industrials, BlackBerry doffed five cents, or 2.5%, to $1.96, TFI International Inc.dipped $1.48, or 3.4%, to $42.10.

Financials also took knocks, as Sun Life set $1.47, or 2.4%, to $58.84, while Manulife Financials fell 65 cents, or 2.5%, to $25.43.

Gold headed the list of subgroups making headway, with Centerra Gold climbing 60 cents, or 6%, to $10.66, while Seabridge Gold advanced 91 cents, or 5.4%, to $17.82.

Health-care stocks prospered, Cronos Group taking on 53 cents, or 6.2%. to $9.15, while Canopy Growth gathered $1.10, or 4.6%, to $25.20.

Among materials, Agnico Eagle Mines was positive $2.17, or 2.7%, to $82.03, while First Majestic Silver added 43 cents, or 3%, to $14.93.

ON BAYSTREET

The TSX Venture Exchange gained 5.01 points to 538.32

The 12 Toronto subgroups were evenly divided, as energy plummeted 1.5%, industrials weakened 1.1%, and financials were poorer by 1%

The half-dozen gainers were led by gold, sprinting 2.2%, health-care, up 1%, and materials, picking up 0.6%.

ON WALLSTREET

U.S. equities sank on Tuesday after President Donald Trump suggested he may want to delay a trade deal with China until after the 2020 presidential election.

The Dow Jones Industrials slumped

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