Advertisement
Canada markets open in 23 minutes

  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CAD/USD

    0.7323
    -0.0000 (-0.00%)
     

  • CRUDE OIL

    84.31
    +0.74 (+0.89%)
     

  • Bitcoin CAD

    87,632.55
    +1,380.34 (+1.60%)
     

  • CMC Crypto 200

    1,387.51
    -9.02 (-0.65%)
     

  • GOLD FUTURES

    2,355.20
    +12.70 (+0.54%)
     

  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     

  • 10-Yr Bond

    4.6800
    -0.0260 (-0.55%)
     

  • NASDAQ futures

    17,716.75
    +149.25 (+0.85%)
     

  • VOLATILITY

    15.52
    +0.15 (+0.97%)
     

  • FTSE

    8,114.79
    +35.93 (+0.44%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6831
    +0.0010 (+0.15%)
     
MARKETS LIVE BLOG:

STOCK FUTURES JUMP, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Results from 'Magnificent Seven' duo show cloud revenue boosted by strong AI demand

TSX falls with resource stocks

Reuters
A man walks past an old Toronto Stock Exchange (TSX) sign in Toronto, June 23, 2014. REUTERS/Mark Blinch

TORONTO (Reuters) - Canada's main stock index fell on Tuesday as energy stocks lost ground with lower oil prices, while miners also weighed as gold prices fell and the Philippine government ordered the suspension of 20 more mines for environmental violations.

At 10:04 a.m. EDT (1404 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was down 55.06 points, or 0.38 percent, at 14,564.40.

Crude oil futures fell as optimism faded for an output-limiting deal from an oil producer meeting in Algeria to curb one of the worst supply gluts in history. [O/R]

The energy group retreated 1.3 percent, with Canadian Natural Resources Ltd (Toronto:CNQ.TO - News) down 1.6 percent to C$38.47 and Suncor Energy Inc (Toronto:SU.TO - News) off 1.2 percent to C$34.26. Both are among the most influential movers on the index.

ADVERTISEMENT

The materials group, which includes precious and base metals miners and fertilizer companies, lost 1.2 percent.

The TSX-listed shares of Australia-based OceanaGold Corp (Toronto:OGC.TO - News) fell 10.4 percent to C$4.22 as it faced a suspension of operations in the Philippines.

Most of the mines targeted by the government were nickel producers, and the news sent global prices up more than 1 percent.

Gold prices, meanwhile, fell as the U.S. dollar and Wall Street stocks gained ground on the view that U.S. presidential candidate Hillary Clinton got the better of rival Donald Trump in their first debate. [GOL/][.N]

Barrick Gold Corp (Toronto:ABX.TO - News) fell 1.8 percent to C$23.30. Smaller producer B2Gold Corp (Toronto:BTO.TO - News) fell 9.7 percent to C$3.46.

Six of the index's 10 main groups were in negative territory, with two decliners for every gainer.

On the positive side, Fairfax Financial Holdings Ltd (Toronto:FFH.TO - News) rose 1.4 percent to C$752.44 and Valeant Pharmaceuticals International Inc (Toronto:VRX.TO - News) advanced 1.8 percent to C$34.85. It had slipped ahead of Monday night's presidential debate.

U.S. crude oil prices were down 2.3 percent to $44.86 a barrel, while Brent lost 2.2 percent to $46.32.[O/R]

Gold futures fell 0.8 percent to $1,328.7 an ounce and copper prices lost 0.9 percent to $4,798 a tonne. [GOL/][MET/L]

(Reporting by Alastair Sharp; Editing by Dan Grebler)