Markets

TSX falls on weakness in energy stocks, U.S. stimulus worries

  • The energy sector dropped 1.1pc as U.S. crude prices fell 0.1pc a barrel, while Brent crude lost 0.3pc.
Published December 11, 2020 Updated December 11, 2020 08:22pm
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Canada’s main stock index fell on Friday, weighed down by weakness in energy stocks, while concerns over delays to a new U.S. stimulus package further dented sentiment.

The energy sector dropped 1.1pc as U.S. crude prices fell 0.1pc a barrel, while Brent crude lost 0.3pc.

Meanwhile, U.S. House Speaker Nancy Pelosi on Thursday raised the possibility of U.S. stimulus negotiations dragging on through Christmas.

At 09:37 a.m. ET (14:37 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 72.79 points, or 0.41pc, at 17,520.55.