48375
37734
S&P/TSX
16124.62
+21.11
(0.13%)
S&P-CDNX
796.95
+5.40
(0.68%)
S&P-500
2668.80
+8.81
(0.33%)
NASDAQ
6870.57
-4.51
(-0.07%)
Dow
24542.83
+156.80
(0.64%)
Dollar
0.7767
-0.00118
(-0.152%)
Oil
57.13
-0.86
(-1.48%)
Gold
1244.20
-2.70
(-0.22%)
Silver
15.725
-0.060
(-0.38%)


Disappointing global outlook hits TSX

The Toronto stock market was lower as a weak outlook from resource giant Alcoa Inc. added to a pessimistic global economic assessment from the International Monetary Fund.

The S&P/TSX composite index fell 25.14 points to 12,248.43 while the Canadian dollar was off 0.01 of a cent at 102.18 cents US.

New York indexes were negative after Alcoa predicted aluminum demand would grow six per cent this year, down from seven per cent in the previous quarter, primarily because of slower growth in China.

The Dow Jones industrials declined 15.51 points to 13,458.02. The Nasdaq was 0.93 of a point lower at 3,064.09 and the S&P 500 index was down 0.55 of a point at 1,440.93.

North American markets racked up sharp losses Tuesday after the International Monetary Fund reduced its growth forecast for the world economy to 3.3 per.

Oil slipped 31 cents to US$92.08 a barrel.



More Business News

45352
Recent Trending
45352
Okanagan Oldies
Castanet Proud Member of RTNDA Canada
47065
Press Room