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Stockhouse @ the Bell: Canadian markets flat on trade tensions

Stockhouse Editorial
0 Comments| May 6, 2019


Canadian markets closed slightly lower today, relatively unaffected by the latest erratic salvo from U.S. President Donald Trump that pushed most major markets solidly into the red. Trump has surprised both China and trade analysts by suddenly threatening a dramatic escalation of U.S. tariffs on China’s exports to the U.S. The Canadian dollar weakened today and oil prices fell. This pulled down the TSX energy index, with energy stocks the biggest drag today on Canadian markets.
 
 
The S&P/TSX Composite Index fell 0.97 points to 16,493.36, while the TSX Venture Exchange slipped 2.80 points to 603.62. 
 
The Canadian dollar was down 0.0006, remaining at 74 cents.
 
Crude oil prices were up $0.86 to $62.80.
 
The price of gold rose $0.10 to $1281.40.
 
In U.S. markets; the Dow dropped 66.47 points to 26,438.48, the S&P 500 dropped 13.17 points to 2,932.47, and the NASDAQ dropped 40.71 points to 8,123.29.
 
In world markets; the Nikkei fell 48.74 points to 22,258.73 while the Hang Seng plunged 846.47 points to 29,209.82. In Europe, the FTSE was up 29.45 points to 7,380.64 while the DAX slipped 124.59 points to 12,286.88



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