Canadian stock market continues down

Publisher:Release time:2018-09-05Number of views:10

TORONTO, Sept. 4 (Xinhua) -- Canada's main stock market declined Tuesday after Canada failed to reach a deal with the United States last Friday to revamp the North American Free Trade Agreement.

The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index plunged 101.58 points, or 0.62 percent, to close Tuesday at 16,161.30 points.

The energy group fell 3.23 points, or 1.63 percent while the financials sector slipped 0.65 points, or 0.21 percent.

The Canadian dollar fell 0.48 cent to 0.759 U.S. dollar.

Tahoe Resources tumbled 21.6 percent to 3.52 Canadian dollars after Guatemala's highest court upheld the suspension of licenses at Tahoe's Escobal mine, one of the world's biggest silver mines.

First Quantum Minerals dropped 6.2 percent to 15.35 Canadian dollars.

Goldcorp lost 4.5 percent 13.47 Canadian dollars while Kinross Gold dipped 3.9 percent to 3.75 Canadian dollars.

Imperial Oil lost 34 cents to 40.33 Canadian dollars while Suncor subsided 92 cents, to 52.80 Canadian dollars.

The largest percentage gainers and most heavily traded stocks on the market were cannabis companies. Canopy Growth Co jumped 15.2 percent to 68.70 Canadian dollars and Aphria Inc. rose 9.2 percent to 18.54 Canadian dollars.


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