July 18, 2024

Political Commentary

News Politics Business Sports

TSX Ends Lower Again, Sheds About 1.7% In Week

1 min read

Despite recovering from early lows, the Canadian market ended weak on Friday, hurt by losses in consumer staples and communications sectors.

Uncertainty about the outlook for interest rates, and concerns on the political front in Europe weighed on sentiment.

The benchmark S&P/TSX Composite Index, which tumbled to 21,486.83, losing more than 200 points in the process, ended the session with a loss of 59.01 points or 0.27% at 21,639.10. The index shed about 1.7% in the week.

Alimentation Couche-Tard (ATD.TO), BCE Inc (BCE.TO), Methanex Corporation (MX.TO) and Bombardier Inc (BBD.B.TO) ended down by 2.5 to 4%.

Among the gainers, CCL Industries (CCL.A.TO) and Shopify Inc (SHOP.TO) rallied 5.4% and 4.5%, respectively. Cargojet (CJT.TO) climbed 4.1% and goeasy (GSY.TO) gained about 3.3%.

Boyd Group Services (BYD.TO), Dollarama Inc (DOL.TO), FirstService Corporation (FSV.TO) and Canadian Pacific Kansas City (CP.TO) also posted strong gains.

In economic news, data from Statistics Canada showed Canada’s manufacturing sales rose 1.2% from a month earlier in April, rebounding from a 2.1% decline in the previous month. Wholesale sales in Canada were up 2.4% in April, from -1.1% in March.

For comments and feedback contact: editorial@rttnews.com

2024-06-14 17:40:14

All news and articles are copyrighted to the respective authors and/or News Broadcasters. VIXC.Com is an independent Online News Aggregator

Read more from original source here…

Leave a Reply

Copyright © All rights reserved. | Newsphere by AF themes.