vendredi 27 mars 2015
The close: TSX, Canadian dollar finish lower as crude, gold fall
Posted on 15:21 by nice news
Canadian stocks fell to a two-week low on Friday, capping the third weekly decline in four, as commodities producers tumbled with the price of gold and oil.
Labrador Iron Ore Royalty Corp. lost 6.2 per cent as the price of iron ore retreated to the lowest in more than six years. Penn West Petroleum Ltd. and Pengrowth Energy Corp. lost at least 3.8 per cent as oil trimmed a weekly advance. Yamana Gold Inc. dropped 1.4 per cent as gold fell for the first time in eight sessions. BlackBerry Ltd. rose 2.5 per cent after posting a surprise profit after cutting costs. The Standard & Poor’s/TSX Composite Index fell 57.38 points, or 0.4 per cent, to 14,812.42, the lowest close in two weeks. The benchmark equity gauge has lost 0.9 per cent this week.
Teck Resources Ltd. tumbled 3 per cent and Franco-Nevada Corp. lost 2.5 per cent as raw-materials producers declined 0.3 per cent as a group. Four of 10 industries in the S&P/TSX retreated on trading volume 31 per cent lower than the 30-day average.
Bullion for immediate delivery fell 0.4 per cent to $1,200.13 an ounce in New York, the first drop in eight sessions. The metal’s seven-day rally to Thursday was the longest run of advances since 2012.
Bonavista Energy Corp. declined 4.7 per cent and Surge Energy Inc. fell 4.3 per cent as the S&P/TSX Energy Index retreated 1 per cent. Futures slipped 5 percent in New York, bringing crude’s gain for the week to 6.9 per cent.
BlackBerry added 2.5 per cent, the biggest gain a month. The former leading smartphone maker, whose global market share has fallen to less than 1 per cent, cut costs such as research and development, with total operating expenses down more than 60 percent in the fourth
Labrador Iron Ore Royalty Corp. lost 6.2 per cent as the price of iron ore retreated to the lowest in more than six years. Penn West Petroleum Ltd. and Pengrowth Energy Corp. lost at least 3.8 per cent as oil trimmed a weekly advance. Yamana Gold Inc. dropped 1.4 per cent as gold fell for the first time in eight sessions. BlackBerry Ltd. rose 2.5 per cent after posting a surprise profit after cutting costs. The Standard & Poor’s/TSX Composite Index fell 57.38 points, or 0.4 per cent, to 14,812.42, the lowest close in two weeks. The benchmark equity gauge has lost 0.9 per cent this week.
Teck Resources Ltd. tumbled 3 per cent and Franco-Nevada Corp. lost 2.5 per cent as raw-materials producers declined 0.3 per cent as a group. Four of 10 industries in the S&P/TSX retreated on trading volume 31 per cent lower than the 30-day average.
Bullion for immediate delivery fell 0.4 per cent to $1,200.13 an ounce in New York, the first drop in eight sessions. The metal’s seven-day rally to Thursday was the longest run of advances since 2012.
Bonavista Energy Corp. declined 4.7 per cent and Surge Energy Inc. fell 4.3 per cent as the S&P/TSX Energy Index retreated 1 per cent. Futures slipped 5 percent in New York, bringing crude’s gain for the week to 6.9 per cent.
BlackBerry added 2.5 per cent, the biggest gain a month. The former leading smartphone maker, whose global market share has fallen to less than 1 per cent, cut costs such as research and development, with total operating expenses down more than 60 percent in the fourth
The close: TSX, Canadian dollar finish lower as crude, gold fall
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