financetom
World
financetom
/
World
/
CANADA STOCKS-TSX posts longest daily losing streak since April
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CANADA STOCKS-TSX posts longest daily losing streak since April
Nov 3, 2024 11:58 AM

*

TSX ends down 0.36% at 24,463.67

*

For the week, the index loses 1.45%

*

Real estate sector falls 0.9%

*

Energy adds 1.39%; oil settles up 2.27%

(Updates at market close)

By Fergal Smith

Oct 25 (Reuters) - Canada's main stock index ended lower

for a fifth straight day on Friday, led by declines for the real

estate and consumer discretionary sectors, as investors turned

cautious ahead of a potentially volatile period for the market.

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

ended down 87.88 points, or 0.36%, at 24,463.67,

extending its pullback from last Friday's record high.

For the week, the TSX was down 1.45%. It was the first time

since April the index has fallen for five straight days.

Still, it was up 1.93% since the beginning of October.

"We had a really good start to the month," said Greg Taylor,

portfolio manager at Purpose Investments. "We pulled forward a

lot of good news and now people are bracing for some volatility

in the next few weeks."

Wall Street has been unsettled this week by a rapid rise in

U.S. bond yields, while uncertainty around the Nov. 5 U.S.

presidential election has also made investors cautious after

markets started pricing in a second Donald Trump administration

in recent weeks.

Canada's immigration reduction targets announced this week

will likely have an impact on the Bank of Canada's growth

forecast, Governor Tiff Macklem said, but cautioned the bank was

yet to analyze the numbers.

On Wednesday, the BoC cut interest rates by an unusually

large half a percentage point to support the economy.

The real estate and consumer discretionary sectors both fell

0.9% on Friday, while the materials group, which includes gold

mining shares, was down 0.72%.

Mali has accused Barrick Gold Corp ( GOLD ) of failing to

abide by commitments made in a recent agreement, charges the

Canadian miner denied after the market's close on Thursday.

Shares of Barrick ended 3.16% lower on Friday.

Energy was a bright spot, rising 1.39%, as oil futures

settled 2.27% higher at $71.78 a barrel.

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 >
TSX up 25 Points at Midday
TSX up 25 Points at Midday
Jun 3, 2025
12:09 PM EDT, 06/03/2025 (MT Newswires) -- The Toronto Stock Exchange is up 25 points at midday, with the energy and utilities sectors leading gains. BMO in its morning note, noted: No major data out in Canada today. Yesterday, the joint statement from the First Ministers Meeting in Saskatoon reiterated the need to fast-track infrastructure projects and remove internal trade...
European Equities Close Higher in Tuesday Trading; Euro Area Inflation Slows More Than Expected in May
European Equities Close Higher in Tuesday Trading; Euro Area Inflation Slows More Than Expected in May
Jun 3, 2025
11:59 AM EDT, 06/03/2025 (MT Newswires) -- The European stock markets closed higher in Tuesday trading as The Stoxx Europe 600 gained 0.09%, Germany's DAX was up 0.64%, the FTSE 100 increased 0.13%, France's CAC 40 advanced 0.34%, and the Swiss Market Index rose 0.34%. Euro area annual inflation is estimated to be 1.9% in May, down from 2.2% in...
Top Midday Gainers
Top Midday Gainers
Jun 3, 2025
01:37 PM EDT, 06/03/2025 (MT Newswires) -- ReShape Lifesciences ( RSLS ) said Tuesday that its Quality Management System and entire commercial portfolio of medical devices sold in Europe and the United Kingdom have been certified under the European Union's Medical Device Regulation and UK Conformity Assessment, respectively. Shares soared 57%, with intraday trading volume catapulting to over 43.3 million...
EMERGING MARKETS-LatAm assets cautiously rise amidst Trump's trade jitters; Brazil fiscal package delayed
EMERGING MARKETS-LatAm assets cautiously rise amidst Trump's trade jitters; Brazil fiscal package delayed
Jun 3, 2025
* Latin American currencies rise 0.5%, stocks up 0.49% * IMF projects Brazil's economy will grow 2.3% this year * Brazil's fiscal package delayed to next week * Liberal Lee Jae-myung wins South Korea presidency (Updates to mid-session trading) By Pranav Kashyap and Nikhil Sharma June 3 (Reuters) - Latin American assets rose in cautious trade on Tuesday, led by...
Copyright 2023-2026 - www.financetom.com All Rights Reserved