Despite Late Boost from U.S., Canada Losing Streak Continues
Canada's benchmark TSE 300 index closed down 27.2 points Wednesday to end at 7657.7. The late afternoon rally in the U.S. indices helped to offset, at least partially, the continued slide in Nortel and the weakness in both oil and gold. Eight of the 14 subindices closed down, lead by Oil & Gas, Industrials and Gold & Precious Metals. The other six subindices were lead higher by the Financials. The TSE 300 has closed in negative territory 11 of the last 12 trading days.
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