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Canada Markets Slump at Close


Canada's benchmark TSE 300 closed down 21.2 points to

7602.6. It did edge into positive territory earlier in the afternoon, along with its U.S. counterparts, but was unable to even hold at 7631 and slid back. U.S. GDP is an important report to watch for on Friday. Nortel led the index higher, closing at C$0.24, while the Financials and Oils issues lead nine subindices lower.

European markets closed higher in a rebound from Wednesday's weakness. In London, the Financial Times 100 gained 10.40 points, or 0.20%, to 5,286.10. In France, the CAC 40 Index was up 68.95 points, or 1.44%, to 4,842.12. Germany's DAX Index was up 54.99 points, or 0.99%, to 5,637.75.

Asian markets ended lower. In Japan, the Nikkei lost 33.05, or 0.28%, to close at 11858.56. Trading in Hong Kong resumed Thursday after markets there were closed Wednesday by a typhoon. The Hang Seng Index shed 174.28 points, or 1.43%, to close at 12039.82.


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