financetom
World
financetom
/
World
/
CANADA STOCKS-TSX ends lower as gold falls, investors take profits
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CANADA STOCKS-TSX ends lower as gold falls, investors take profits
May 13, 2024 2:02 PM

*

TSX ends down 0.2% at 22,259.17

*

Materials group falls 0.8% as gold declines

*

Technology ends 0.5% lower

*

Premium Brands Holdings ( PRBZF ) rises on Q1 results

(Updates at market close)

By Fergal Smith

May 13 (Reuters) - Canada's main stock index ended lower

on Monday, weighed by declines for technology and gold mining

shares, as investors turned cautious ahead of a key U.S.

inflation report this week.

The Toronto Stock Exchange's S&P/TSX composite index

ended down 49.76 points, or 0.2%, at 22,259.17, its

second straight day of declines after it notched a new record

closing high on Thursday.

"We're coming off some pretty positive days," said Michael

Sprung, president at Sprung Investment Management, adding that

investors could be taking some profits ahead of a long weekend

in Canada and U.S. inflation data.

"It might be a quieter week until some of this U.S. data

comes out," Sprung said.

U.S. stock indexes were a mixed bag, with the S&P 500

staying shy of its March record high as investors waited for the

U.S. consumer price index report on Wednesday for clues on

prospects for Federal Reserve interest rate cuts this year.

The materials group, which includes metal miners

and fertilizer companies, fell 0.8% as the price of gold

declined 1%.

Energy edged down 0.2% despite oil settling 1.1%

higher at $79.12 a barrel. Investors were watching for potential

oil supply disruptions in Western Canada due to wildfires.

Technology was down 0.5% and industrials

ended 0.4% lower.

Premium Brands Holdings Corp ( PRBZF ) was a bright spot. Its

shares rose 3.6% after the specialty food producer, marketer and

distributor beat estimates for first quarter results.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
European shares set for weekly gains; UK's Phoenix soars
European shares set for weekly gains; UK's Phoenix soars
Mar 22, 2024
* German business sentiment rises in March - Ifo * UK's Phoenix tops STOXX on upbeat outlook & results * Legal & General ( LGGNF ) up on shelving China business licence plan * STOXX 600 up 0.1% (Updated at 0918 GMT) By Shubham Batra March 22 (Reuters) - European shares were largely flat on Friday but maintained record highs...
DIARY-Europe's STOXX 600 corporate earnings week ahead
DIARY-Europe's STOXX 600 corporate earnings week ahead
Mar 22, 2024
March 22 (Reuters) - Diary of Europe's STOXX 600 (.STOXX) corporate earnings for the week ahead EUROPE'S STOXX 600 EARNINGS Company Event Name Start Date Start Time RIC Name (GMT) 25-Mar-2024 13:00 IMI.L IMI PLC IMI PLC Retail Investor Webinar 25-Mar-2024 07:00 KGF.L Kingfisher PLC Full Year 2024 Kingfisher PLC Earnings Release 26-Mar-2024 NTS HRA.MI Hera SpA Q4 2023 Hera...
MORNING BID AMERICAS-Dollar surges after central bank barrage, Apple bruised
MORNING BID AMERICAS-Dollar surges after central bank barrage, Apple bruised
Mar 22, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan The U.S. dollar seems to have emerged a clear winner from the week's magical mystery tour of world central banks - with record high Wall St and world stocks getting a shot across the bow from Apple's ( AAPL ) antitrust bust. A whistle stop look...
China yuan slides to four-month low, state banks step in
China yuan slides to four-month low, state banks step in
Mar 22, 2024
(Updates to market close) SHANGHAI, March 22 (Reuters) - China's yuan declined to a four-month low against the dollar on Friday, breaching a key threshold and prompting state-owned banks to step in to defend the currency. In the spot market, the onshore yuan fell to the weak side of the psychologically important 7.2 per dollar level to hit a low...
Copyright 2023-2026 - www.financetom.com All Rights Reserved