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Stockhouse @ the Bell: Markets lower, U.S. & China draft trade resolutions

Stockhouse Editorial
0 Comments| February 21, 2019

Canada’s main stock index took a bit of a slide Thursday in a broad-based decline as falling gold prices took down material shares. The TSX was just one of many markets feeling the effects on the ongoing trade dispute between the world’s two biggest economies - the U.S. and China. Both sides have begun outlining commitments in principle on some of the most contentious issues, which could indicate the start of seeing this seven-month trade war come to a close.

The S&P/TSX Composite Index was down 30.38 points to 16,000.86, and the TSX Venture Exchange was down 0.72 of a point to 621.61.

The Canadian dollar was down $0.0028, remaining at 76 cents.

Crude oil prices were down $0.29 to $56.87.

The price of gold was down $16.87 to $1323.40.

In U.S. markets; the Dow lost 53.31 points to 25,901.13, the S&P 500 slid 9.82 points to 2,774.88, and the NASDAQ was down 29.36 points to 7,459.71.

In world markets; the Nikkei rose 32.79 points to 21,464.23, the Hang Seng gained 116.34 points to 28,629.92, the FTSE fell 60.71 points to 7,167.39, and the DAX rose 21.35 points to 11,423.28.


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