Toronto stocks fell Tuesday, as retreating commodities prices drove down resource sectors, despite a strong day among financials.
The S&P/TSX composite index fell 115.27, or 0.80%, to 14,312.08.
Half of the 10 TSX main sub-groups were down on the session.
The materials group fell 2.39%, while the gold index dropped 2.84%.
Teck Cominco fell $2.43, or 4.98%, to $46.35.
Gold futures retreated $4.80 to finish US$787.80.
The energy index gave up 2.17%.
Light, sweet crude for December delivery lost $3.15, or 3.4%, to US$90.38.
Petro-Canada fell 99¢, or 1.84%, to $52.88.
The financials index rose 1.00%.
TSX Group Inc. gained $1.58, or 3.34%, to $48.90.
The Canadian dollar fell 0.04 of a cent to US104.92¢.
The S&P TSX Venture Exchange dropped 43.72, or 1.39%, to 3,106.90.
In New York, markets moved downward as investors awaited the U.S. Federal Reserve’s decision on whether to cut interest rates.
The Dow Jones industrial average fell 77.79, or 0.56%, to 13,792.47, the Nasdaq composite index ended essentially flat, giving up 0.73 of a point to finish 2,816.71, and the S&P 500 lost 9.96, or 0.65%, to 1,531.02.
TSX falls on lower oil, commodities prices
U.S. markets move down, await U.S. Federal Reserve’s decision on whether to cut interest rates
- By: Rudy Mezzetta
- October 30, 2007 October 30, 2007
- 15:50