TSX pulls back on final day of strong week on lower oil; New York indexes mixed

TORONTO -- A pullback in oil prices and disappointing retail sales data pushed the Toronto stock market to a lower close after four consecutive advances.

See Full Article

The Toronto Stock Exchange's S&P/TSX index lost 117.96 points to 12,813.40.

The Canadian dollar was down 0.10 of a U.S. cent at 72.63 cents US.

In New York, the Dow Jones industrial average fell 21.44 points to 16,391.99 and the broader S&P 500 was off 0.05 of a point at 1,917.78. Meanwhile, the Nasdaq composite index finished up 16.89 points at 4,504.43.

On commodity markets, the March crude contract was down $1.13 to US$29.64 a barrel, while the March contract for natural gas fell five cents to US$1.80 per mmBtu.

April gold rose $4.50 to US$1,230.80 an ounce, while March copper was unchanged at US$2.08 a pound.



Advertisements

Latest Economic News

  • Trump condo prices dropping in New York City: report

    Economic CTV News
    NEW YORK -- In Manhattan, where Donald Trump built his empire, prices for condos in buildings bearing his gilded name are falling in the first year of his presidency. The average price per square foot for condos sold in Trump-branded buildings in the borough fell 7 per cent in the 12 months through November compared to the year earlier, according to a report Wednesday by research firm CityRealty. Source
  • MLSE strikes deal to buy Toronto Argos

    Economic CBC News
    Maple Leaf Sports & Entertainment, which already owns the Maple Leafs, Raptors and Toronto FC, is adding the CFL's Argonauts to its portfolio. MLSE announced Wednesday it has an agreement to buy the Grey Cup champions. Source
  • Alberta chooses three companies to build four wind power projects in auction

    Economic CTV News
    CALGARY -- The Alberta government says it received such attractive bids in an auction to pick renewable energy projects that it exceeded its goal of 400 megawatts and will instead support 600 megawatts of new generation. Source
  • As Canadians turn to electric cars, charging stations will boom: AddEnergie CEO

    Economic CTV News
    MONTREAL -- Canadians will purchase a record number of electric vehicles this year as the growing sales of cars with longer ranges is prompting a push to increase the number of fast chargers, the head of the country's largest charging network says. Source
  • Fed rate increase is 3rd this year; foresees 3 more in 2018

    Economic CTV News
    WASHINGTON -- The Federal Reserve is raising its key interest rate for the third time this year and foresees three additional hikes in 2018, a vote of confidence that the U.S. economy remains on solid footing 8 1/2 years after the end of the Great Recession. Source
  • Federal Reserve rate increase is third this year; foresees 3 more in 2018

    Economic CTV News
    WASHINGTON -- The Federal Reserve is raising its key interest rate for the third time this year and foresees three additional hikes in 2018, a vote of confidence that the U.S. economy remains on solid footing 8 1/2 years after the end of the Great Recession. Source
  • Canadian wireless prices still high by most standards but ISED sees positives

    Economic CTV News
    TORONTO -- Prices for some types of Canadian wireless service plans have fallen but overall they remain high compared with other countries, according to a report commissioned by the federal government. It says the biggest declines are with low-use mobile plans, which the Department of Innovation, Science and Economic Development said in a statement were cheaper in Canada than in the United States for the first time since 2013. Source
  • Bitcoin and blockchain start-ups cashing in on cryptocurrency frenzy

    Economic CTV News
    CALGARY -- The investor frenzy driving bitcoin prices to precipitous heights is playing out on stock markets as well, as companies shift focus to cryptocurrencies to get in on the latest boom. "People are trying to surf off the wave of bitcoin by strategically changing their name," said Jean-Philippe Vergne, co-director of the Scotiabank Digital Banking Lab at Western University. Source
  • Bernie Sanders, others on political left push Trump to maintain NAFTA hard line

    Economic CTV News
    WASHINGTON - Donald Trump is being told to stay strong on trade by people who aren't normally his allies. Bernie Sanders and other members of the anti-NAFTA left are holding a news conference on Capitol Hill this morning. Source
  • Uber: No evidence hackers took rider credit card numbers

    Economic CTV News
    DETROIT -- Uber says an outside cyber security firm hired after a massive data breach has found no evidence that rider credit card, bank account or Social Security numbers were downloaded by hackers. The company also says in a response to demands for information from U.S. Source