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Stockhouse @ the Bell: TSX hangs on despite slipping oil

Stockhouse Editorial
0 Comments| May 8, 2018

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A slip in the price of oil leading to energy sector losses couldn’t keep Canada’s main stock index down Tuesday. U.S. President Donald Trump announced that the country was withdrawing from a landmark nuclear deal with Iran and would reimpose its sanctions, knocking the price of oil 2.4% lower. Royal Dutch Shell stocks fell after announcing that it is selling its 8% stake in Canadian Natural Resources for roughly $4.3-billion. It acquired the shares last year when it sold its Alberta oilsands assets to Canadian Natural for $11.1-billion.
 
The S&P/TSX Composite Index was up 34.08 points to 15,842.71, the TSX Venture Exchange was down 3.74 points to 770.82.
 
The Canadian dollar was down $0.0044 remaining at 77 cents.
 
Crude oil prices were down $1.01 to $69.72.
 
The price of gold was down $1.26 to $1314.34.
 
In U.S. markets; the Dow added 2.89 points to 24,360.21, the S&P 500 slid 0.71 of a point to 2,671.92, and the NASDAQ climbed 1.69 points to 7,266.90.
 
In world markets; the Nikkei was up 41.61 points to 22,508.69, the Hang Seng jumped 414.11 points to 30,402.81, the FTSE shed 1.39 points to 7,565.75 and the DAX was down 35.83 points to 12,912.21.


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