Canadian Market Modestly Lower; Energy Stocks Decline Sharply
(RTTNews) - The Canadian market is down in negative territory on Tuesday, weighed down by losses in energy, healthcare and consumer discretionary sectors.
Weak oil prices and a possible U.S. government shutdown weigh on the market.
A shutdown could delay releases of key U.S. economic data, including closely watched employment data for September, construction spending and possibly international trade data for August.
The benchmark S&P/TSX Composite Index was down 113.13 points or 0.39% at 29,858.78 a little while ago.
Energy stocks Tourmaline Oil Corp and Baytex Energy are down 4.2% and 3.8%, respectively. Peyto Exploration, Nuvista Energy, Imperial Oil, Vermilion Energy, Parex Resources and Whitecap Resources are down 2.3 to 3.2%.
Consumer discretionary stocks Aritzia and Restaurant Brands International are down 3.3% and 2.2%, respectively. Linamar Corp is down nearly 1%.
Tilray is tanking more than 10%. Canopy Growth is down 9%, Aurora Cannabis is plunging 8% and Cronos Group is losing about 7.6%.
BlackBerry, Lightspeed Commerce, Rogers Communications, Ballard Power Systems, TFI International and Brookfield are among the other major losers.
Fortuna Silver Mines, Organigram Holdings, Wesdome Gold Mines, Osisko Gold Royalties, Stella-Jones, Centerra Gold, New Gold, Kinross Gold, Endeavour Mining, Intact Financial and Kinaxis are gaining 1.3 to 3.3%.
CBO Estimates 750K Employees Could Be Furloughed Daily If Govt Shuts Down
German Inflation Accelerates Again To Highest This Year
Swiss Market Ends On Strong Note
Major European Markets Close On Firm Note
U.S. Job Openings Rebound To 7.227 Million In August
U.S. Consumer Confidence Index Falls To Five-Month Low In September
Chicago Business Barometer Unexpectedly Edges Lower In September
