Monday, March 2nd-3.7°C
25327
23829

TSX, U.S. index drop

North American markets drifted lower after Japanese markets plunged, disappointing Chinese manufacturing data and plans from the U.S. Fed to end its extraordinary stimulus program sometime in the future.

The S&P/TSX composite index fell 118.05 points to 12,634.45. The Canadian dollar was down 0.36 of a cent to 96.77 cents US.

On Wall Street, the Dow Jones industrials index dropped 36.57 points to 15,270.60, the S&P 500 was down 14.84 points to 1,640.51, while the Nasdaq dipped 35.15 points to 3,428.15.

Japan's main index fell 7.3 per cent — its largest slide since the country was hit by a devastating earthquake and tsunami more than two years ago. The drop was also partly blamed on a spike in Japanese government bond yields.

HSBC reported that its preliminary purchasing managers index for China fell to a seven-month low of 49.6 in May from April's 50.4. Below 50 indicates that activity is contracting. Analysts had expected a more modest decline to 50.3.

 

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX15264.05+29.71
S&P CDNX704.30-2.43
DJIA18288.63+155.93
Nasdaq5008.096+44.568
S&P 5002117.39+12.89
CDN Dollar0.7990+0.0014
Gold1220.40+7.80
Oil51.59-0.55
Lumber298.40-1.10
Natural Gas2.699-0.035

 
Okanagan Companies
Pacific Safety0.135+0.015
Knighthawk0.010.00
QHR Technologies Inc1.60+0.05
Cantex0.035-0.005
Anavex Life Sciences0.18-0.01
Metalex Ventures0.045+0.01
Russel Metals25.54+0.16
Copper Mountain Mining1.29-0.01
Colorado Resources0.135-0.015
ReliaBrand Inc0.008-0.0007
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.225-0.01

 



24947

FEATURED Property
2211643108D-735 Cook Road
1 bedrooms 1 baths
$203,000
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...


Are you asking the right questions?

Have you ever had this happen to you? You are in the middle of your second or third good discussion with a prospect and everything seems to be going great. The prospect seems engaged and happy to work...

_








Member of BC Press Council


25107