TSX:SGR.UN - Post by User
Post by
imstockon Jan 16, 2013 3:38pm
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Post# 20846694
TSX dives
TSX dives
| TSX dives |
The Toronto stock market was lower Wednesday while traders take in strong U.S. bank earnings and a cut in the World Bank’s global growth forecast for this year.
The S&P/TSX Composite Index fell 44.54 points to greet noon at 12,597.43
The Canadian dollar sagged 0.12 cents to 101.49 cents U.S., as the greenback strengthened on worries about the impasse over raising the U.S. debt ceiling while traders awaited the release of the latest U.S. regional economic report. |
The base metals component slid as the World Bank report raised demand concerns, pushing March copper on the New York Mercantile Exchange down three cents to $3.61 U.S. a pound. Teck Resources shed 52 cents to $36.45.
Among energy issues, Suncor Energy gave back 23 cents to $33.69.
The financials sector was off with Manulife Financial down 12 cents to $14.
The gold sector was off while Kinross Gold Corp. faded six cents to $9.50.