Oct 9, 2012 / 7:09 am
The Toronto stock market was lower Tuesday amid another round of worries about a slowing global economy.
The S&P/TSX composite index fell 47.74 points to 12,371.25 amid a report from the International Monetary Fund that the global economy will expand 3.3 per cent this year, down from the estimate of 3.5 per cent growth it issued in July. The IMF added that the global economic malaise is spreading to more dynamic emerging economies such as China.
The Canadian dollar was up 0.31 of a cent to 102.47 cents US amid rising commodity prices.
U.S. markets added to minor losses racked up Monday as traders also looked to the start of the third-quarter earnings season with resource giant Alcoa Inc. set to report after the close. The Dow Jones industrials gave back 14.97 points to 13,568.68.
The Nasdaq composite index was 10.54 points lower to 3,101.81, while the S&P 500 index slipped 1.88 points to 1,454.
Oil gained 93 cents to US$90.26 a barrel while copper edged up one cent to US$3.73 a pound.
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|QHR Technologies Inc||0.55||-0.03|
|Anavex Life Sciences||0.54||0.00|
|Copper Mountain Mining||1.52||-0.16|
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