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TSX Ends Weak As Energy, Materials Shares Decline
(RTTNews) - The Canadian market ended down on Thursday, retreating from a 19-month high recorded in the previous session, as weak oil and bullion prices weighed on energy and materials stocks.
The benchmark S&P/TSX Composite Index ended down 86.53 points or 0.41% at 20,929.38 after scaling a low of 20,914.54 and a high of 21,022.77 intraday.
Torex Gold Resources (TXG.TO) ended more than 5% down. New Gold (NGD.TO), Seabridge Gold (SEA.TO), Iamgold (IMG.TO, First Majestic Silver (FR.TO), Peyto Exploration (PEY.TO) and Wesdome Gold Mines (WDO.TO) ended lower by 3 to 5%.
TransCanada (TRP.TO), Equinox Gold (EQX.TO), Silvercrest Metals (SIL.TO), Ero Copper (ERO.TO), Prairiesky Royalty (PSK.TO), B2Gold Corp (BTO.TO), MAG Silver (MAG.TO), Vermilion Energy (VET.TO), Kinross Gold Corp (K.TO), Lundin Gold (LUG.TO) and Hudbay Minerals (HBM.TO) declined 2 to 3%.
Canadian Natural Resources (CNQ.TO), Ssr Mining (SSRM.TO), Eldorado Gold (ELD.TO), Cameco (CCO.TO), Wheaton Precious Metals (WPM.TO), First Quantum Minerals (FM.TO) and Nutrien (NTR.TO) also ended sharply lower.
Tilray (TLRY.TO) climbed more than 7%. Corus Entertainment (CJR.B.TO) surged nearly 6%. Bausch Health Companies (BHC.TO), Cronos Group (CRON.TO), Lightspeed Commerce (LSPD.TO), Jamieson Wellness (JWEL.TO), Canada Goose Holdings (GOOS.TO), Aecon (ARE.TO), Fairfax Financial Holdings (FFH.TO) and Shopify Inc (SHOP.TO) gained 1 to 4%.
A report from the Canadian Federation of Independent Business showed small business sentiment in Canada increased to 47.04 points in December from 45.58 point in November.
China Trade Data On Tap For Thursday
U.S. Dollar Drops Against Majors
Swiss Market Ends Notably Lower
European Stocks Close Mostly Higher On Earnings, Fed Rate Cut Hopes
Canadian Stocks Surge Higher Again; TSX Scales New Record High
India Holds Key Interest Rates Steady As Trade Tensions Escalate
Bay Street Looks Set To Extend Upmove
