TSX at over two-year low on global growth worries

Shoaib Ur Rehman December 17, 2018

Canada’s main stock index fell on Monday, as investors turned cautious ahead of the US Federal Reserve’s monetary policy guidance and concerns over slowing global growth.

* At 9:53 a.m. ET (14:53 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 78.89 points, or 0.54 percent, at 14,516.18, hitting its lowest level since November 11, 2016.

* The Fed is expected to raise US interest rates at the end of its two-day meeting on Wednesday.

* Data released by the Canadian Real Estate Association showed home resales fell 2.3 percent in November from the previous month.

* Ten of the index’s 11 major sectors were lower, led by the technology sector’s 1.6 percent slide.

* The financial sector slipped 0.5 percent, while the industrial sector fell 1.2 percent.

* On the TSX, 71 issues were higher, while 169 issues declined for a 2.38-to-1 ratio to the downside, with 26.13 million shares traded.

* The largest percentage gainers on the TSX were Alamos Gold Inc, which jumped 8.0 percent, and Pretium Resources Inc, which rose 6.2 percent.

* The biggest decliners were Shopify Inc and Bombardier Inc, both down 5.5 percent.

* The most heavily traded shares by volume were those of Bombardier, Royal Nickel Corp and Aurora Cannabis Inc .

* The TSX posted no new 52-week highs and 25 new lows.

* Across all Canadian issues there were three new 52-week highs and 114 new lows, with total volume of 44.80 million shares traded.

Copyright Reuters, 2018




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