TSX Ends Marginally Down After Cautious Session
(RTTNews) - The Canadian market ended weak on Friday, losing for a third straight session, amid a lack of positive catalysts, but still posted a small weekly gain.
Concerns about slowing growth in China, and a widespread Microsoft outage that hit services from airlines, banks and financial services curbed investors' appetite for risk.
The benchmark S&P/TSX Composite Index ended with a loss of 36.37 points or 0.16% at 22,690.39. The index touched a low of 22,616.17 and a high of 22,770.39 in the session. The index, which hit new all-time high of 22,996.14 on Tuesday, gained 0.1% in the week.
Magna International (MG.TO) and Precision Drilling Corporation (PD.TO) both ended lower by about 3.4%. Methanex Corporation (MX.TO) closed lower by 2.1%.
BRP Inc (DOO.TO), Wheaton Precious Metals (WPM.TO), Franco-Nevada Corporation (FNV.TO) and Boyd Group Services (BYD.TO) lost 1 to 1.5%.
Hut 8 Corp (HUT.TO) rallied 7.5%. goeasy (GSY.TO), Cargojet (CJT.TO), Metro Inc (MRU.TO), George Weston (WN.TO), Loblaw Companies (L.TO) and Onex Corporation (ONEX.TO) gained 1.4 to 3.5%. Descartes Systems Group (DSG.TO) advanced 1%.
Data from Statistics Canada said retail sales in Canada are projected to have dropped by 0.3% from the previous month in June, according to an initial estimate. In May, retail sales plunged 0.8%, the sharpest decline in 14 months.
Industrial producer prices in Canada remained unchanged in June, following an upwardly revised 0.2% in the previous month. The Raw Materials Price Index in Canada fell 1.4% month-over-month in June, following a downwardly revised 1.5% drop in the previous month.
U.S. Consumer Confidence Index Edges Lower In August
U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected
Bay Street May Open On Weak Note
U.S. Durable Goods Orders Tumble Less Than Expected In July
FTSE 100 Modestly Lower
CAC Down Sharply On Widespread Selling
DAX Extending Recent Weakness
