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Stockhouse @ the Bell: Stocks still stinging from trade and slowdown fears

Stockhouse Editorial
0 Comments| February 8, 2019

Canada’s main stock index ended the week on a low note. The energy sector lost 0.9% despite a bump in oil prices. Financials were down 0.4% despite the Bank of Canada holding firm on interest rates for the next month and losses among cannabis producers pulled health care lower by 2.9%. Trade fears and economic slowdown woes continue to drag on U.S. markets, sending Wall Street flat on Friday. These concerns were shared around the world as global stocks fell for the third straight day.

The S&P/TSX Composite Index was down 70.03 points to 15,633.33, and the TSX Venture Exchange was down 2.94 points to 611.94.

The Canadian dollar was up $0.0018, remaining at 75 cents.

Crude oil prices were up $0.09 to $52.73.

The price of gold was up $3.73 to $1313.89.

In U.S. markets; the Dow lost 63.20 points to 25,106.33, the S&P 500 added 1.83 points to 2,707.88, and the NASDAQ climbed 9.85 points to 7,298.20.

In world markets; the Nikkei tanked 409.69 points to 20,333.17, the Hang Seng fell 43.82 points to 27,946.32, the FTSE was down 22.33 points to 7,071.18, and the DAX gave up 114.04 points to 10,906.78.


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