Canadian Stocks Retreated, Tracking Declines in US Market
Stocks listed in Toronto erased earlier gains as they retreated in the last half hour of the trading day, tracking declines in the US.
The $S&P/TSX Composite index(.SPTSX.CA$ slipped 0.1% to 21,912.52, while the blue chip $S&P/TSX 60 Index(.TX60.CA$dipped 0.2% to 1319.08, preliminary moomoo data showed.
The $S&P/TSX Composite index(.SPTSX.CA$ slipped 0.1% to 21,912.52, while the blue chip $S&P/TSX 60 Index(.TX60.CA$dipped 0.2% to 1319.08, preliminary moomoo data showed.
Canadian stocks failed to held on to gains as crude oil declined, weighing down on resources-heavy indexes. $Canadian Natural Resources Ltd(CNQ.CA$ was among the biggest losers, slipping 0.9% to C$102.04. Even the banks weren't spared, with $Royal Bank of Canada(RY.CA$ sliding 0.3% to C$134.72. Metals and mining, banks and asset management firms joined the list of decliners.
Decliners outnumber gainers 869 to 762, according to data tracked by moomoo.
$Valeura Energy Inc(VLE.CA$ rallied almost 12% to C$4.83 after the oil producer reported a profit last year, swinging from a loss.
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Posts and columns do not represent the views of MM. They’re not investment advice.
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