Saturday, December 20th0.7°C
24295
23931

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

23041


Recent Trending




Today's Market
S&P TSX14468.26+121.51
S&P CDNX676.54+11.04
DJIA17804.8026.65
Nasdaq4765.38+16.983
S&P 5002070.65+9.42
CDN Dollar0.8618+0.0001
Gold1197.20+2.50
Oil56.50+2.39
Lumber336.20-0.70
Natural Gas3.446-0.196

 
Okanagan Companies
Pacific Safety0.12-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.25-0.03
Cantex0.03-0.005
Anavex Life Sciences0.1726+0.0026
Metalex Ventures0.05-0.005
Russel Metals25.58-0.42
Copper Mountain Mining1.55-0.02
Colorado Resources0.120.00
ReliaBrand Inc0.011-0.0089
Sunrise Resources Ltd0.05-0.005
Mission Ready Services0.215-0.01

 
23744


24387

FEATURED Property
2147881378 Glenwood Ave
3 bedrooms 3 baths
$725,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


My final thoughts on real estate

This will be the last column I write on real estate. Largely because at the end of the year I will be handing in my license. After 20+ years of working in land development, resort development and rea...


Reflecting on the end of the year

The importance of the end of the year and the Christmas holidays is profound. It is a time to reconnect with family and traditions that have made us who we are. But the year-end has always been a time...


Parenthood: Estates, insurance & taxes

It is now even more important to ensure your loved ones are well looked if anything should happen to you. Here are a few topics to consider helping you prepare for some of the unexpected events that c...

_



24476

24437


Member of BC Press Council


24604