Tech Gloom Hits Canadian Shares
Canadian stocks finished mixed, with major indexes lower, as the tech-driven wreck continued to cast a pall of gloom over North American equity markets. The TSE 300 fell 61.72 points to 7444.80, pressured by losses in Industrial Products, Utilities, Financial Services and mining-related issues. Pipelines were the only subindex finishing with a gain on the session. Breadth was 650-559 positive. Government of Canada bonds closed lower in quiet trade; there were no economic releases to guide activity. The Canadian dollar was lower vs. the U.S. dollar. Energy and precious metals futures closed lower.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.