Thursday, March 5th-6.0°C
25405
23829

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.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX15082.84-51.01
S&P CDNX698.09-4.21
DJIA18096.90-106.47
Nasdaq4967.142-12.76
S&P 5002098.53-9.25
CDN Dollar0.8055+0.0006
Gold1200.00-0.60
Oil53.52+0.29
Lumber287.30-3.40
Natural Gas2.763-0.006

 
Okanagan Companies
Pacific Safety0.13-0.005
Knighthawk0.010.00
QHR Technologies Inc1.55-0.05
Cantex0.035-0.005
Anavex Life Sciences0.18+0.005
Metalex Ventures0.04-0.005
Russel Metals24.95-0.26
Copper Mountain Mining1.24-0.01
Colorado Resources0.13-0.005
ReliaBrand Inc0.0065-0.0015
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.225+0.01

 





FEATURED Property
22120394099 June Springs Road Kelowna
10092765 bedrooms
$1,250,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Refinance your mortgage?

Canadian Mortgage rates are low and could be dropping down in time for the spring market following a drop in the Bank of Canada Rate on January 21 by 1/4% which will save new buyers and those with mo...


Creating your retirement vision

A vision means different things to different people. To the head of a large corporation, it’s the ability to chart a course that will deliver success (think Steve Jobs and Apple), to a shaman, i...


It's OK to say 'I'm sorry'

Photo: ContributedStand-up comedians and sitcoms have been making fun of Canadians for being polite as long as I can remember. Being known for our niceness is certainly not a bad thing and I wish more...

_








Member of BC Press Council


24681