Friday, April 18th7.4°C
21104

TSX does not bloom on rosy data

The Toronto stock market opened lower as gold and oil prices lost ground and despite some data painting a relatively rosy picture of the North American economy.

The S&P/TSX composite index lost 16.46 points to 12,387.17, while the TSX Venture Exchange was down 2.53 points to 1,173.99.

The Canadian dollar was down 0.05 of a cent to 101.15 cents US after Statistics Canada released some positive data on retail sales and payrolls.

Statistics Canada said average weekly earnings of non-farm payroll employees rose to $909 in October, up 0.9 per cent from September.

On a year-over-year basis, earnings were up 2.8 per cent. That reflected a number of factors, including wage growth and changes in the composition of employment by industry as well as the average number of hours worked.

Statistics Canada also reported retail sales edged up 0.7 per cent to $39.4 billion in October, the fourth straight monthly increase. In volume terms, retail sales increased 0.3 per cent, with eight of 11 subsectors reporting gains.

The Canadian Press


Read more Business News

20820


Recent Trending




Today's Market
S&P TSX14500.39+53.87
S&P CDNX998.770.80
DJIA16408.54-16.31
Nasdaq4095.516+9.291
S&P 5001864.85+2.54
CDN Dollar0.90720.00
Gold1293.80-9.2999
Oil104.59+0.83
Lumber326.10-2.70
Natural Gas4.735+0.205

 
Okanagan Companies
Pacific Safety0.115+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.29+0.07
Cantex0.055+0.01
Anavex Life Sciences0.3750.00
Metalex Ventures0.08+0.005
Russel Metals30.66+0.11
Copper Mountain Mining2.35-0.07
Colorado Resources0.255-0.01
ReliaBrand Inc0.12-0.01
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.25+0.02

 
19691


21522

FEATURED Property
19286331088 Sunset Drive
2 bedrooms 2 baths
$355,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Learning to flirt with the edge

With all of the adventure activities I have done and still do, I wonder sometimes if the edge still exists. The systematic approach to learning a new adventure or extreme activity combined with the r...


Time spent prospecting

How much time should you put into prospecting? The question is a bit of a puzzle. Ideally, there would be a reference book that lists, by industry, how much time you should invest in prospecting acti...


Valuation fears grip markets

The Big Picture Valuation fears grip markets Growing concerns about the level of stock market valuations sparked a risk-off trade in global markets this week. Investors are worried that many companies...

_



21637

21641


Member of BC Press Council


21188