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Equities in Toronto opened lower on Thursday, following a rout in world markets, as jitters over rising ...

Equities in Toronto opened lower on Thursday, following a rout in world markets, as jitters over rising U.S. Treasury yields and signs of slowing global growth sparked a broad-based selloff.

The S&P/TSX Composite Index slid 127.94 points to begin Thursday at 15,389.40

The Canadian dollar eked up 0.01 cents to 76.65 cents U.S.

Barrick Gold, which recently announced a $6.1-billion deal to acquire Randgold Resources affirmed its 2018 gold and copper production forecast on Wednesday, reflecting improvements in operations.

Barrick shares galloped 39 cents, or 2.6%, to $15.40.

Enbridge said on Wednesday it had approval to restart operations on a 30-inch natural gas pipeline in northern British Columbia, after a fire in an adjacent line led to disruptions for refineries in the U.S. state of Washington.

Enbridge shares settled 91 cents, or 2.1%, to $41.70.

Chile's Supreme Court upheld an environmental order for a gold mine owned by Canada's Kinross Gold to close its water pumping wells, the environmental regulator said on Wednesday, ending a long-running dispute that sparked the Toronto-based miner's retreat from Chile.

Kinross shares gathered eight cents, or 2.2%, to $3.79.

Macquarie raised the price target on Celestica to $17.80 from $16.90. Celestica shares hiked 96 cents, or 7.3%, to $14.03.

CIBC cuts target price on Leagold Mining to $4.25 from $5.00. Leagold shares were unchanged at $1.91.

Morgan Stanley cut the target price on Source Energy Services to $4.50 from $6.50. Source shares dipped 17 cents, or 5.2%, to $3.13.

On the economic slate, Statistics Canada reported its new housing price index was unchanged, despite growth in some markets. The agency says that in August, builders in 18 of the 27 census metropolitan areas surveyed reported flat or decreasing prices. The Canada-level index stood at 103.3 in August and has not risen above that mark since November 2017.


The TSX Venture Exchange subtracted 6.9 points to 685.56

All but three of the 12 subgroups were down Thursday, as health-care ailed 2.9%, energy withered 2.1%, and financials were 0.9% poorer.

The two gainers were gold, ahead 1.6%, and information technology, clicking higher 0.5%, while materials were unchanged.


Stocks rose on Thursday, erasing earlier losses, as weaker-than-expected inflation data sent interest rates lower. Rising rates were the culprit for an 800-point plunge on the Dow on Wednesday.

The Dow Jones Industrial Average eked higher 2.85 points to begin Thursday 25,601.59

The S&P 500 sank 1.61 points to 2,784.07

The NASDAQ regained 19.87 points to 7,441.92

Thursday's moves come a day after the Dow sank more than 800 points and the S&P 500 dropped more than 3%. It was also the 28th time since 2011 the much-broader index posted a more than 2% decline

A rebound in tech shares helped boost the major indexes on Thursday. Facebook, Alphabet and Apple all rose about 1%. Netflix, meanwhile, gained more than 2%.

Tech's bounce came after the U.S. government said the consumer price index rose 0.1% in September, well below the expected gain of 0.2%.

Prices for the benchmark for the 10-year U.S. Treasury gained ground, lowering yields to 3.18% from Wednesday’s 3.20%. Treasury prices and yields move in opposite directions.

Oil prices surrendered $1.14 at $72.03 U.S. a barrel.

Gold prices added $17.60 to $1,211 U.S. an ounce.