Loonie, TSX slump after post-weekend gains as oil prices drop - News Summed Up

Loonie, TSX slump after post-weekend gains as oil prices drop


The Toronto Stock Exchange’s S&P/TSX composite index was down 39.30 points to 14,219.57, following a 194.33-point gain on Monday. That likely drove down the commodity-sensitive loonie, which shed 0.95 of a U.S. cent, closing at 76.83 cents U.S. The Dow Jones industrial average fell by 108.75 points at 17,840.62, the broader S&P 500 composite index declined 14.40 points to 2,088.55 and the Nasdaq composite dropped 39.67 points to 4,822.90. The August contract for oil slid $2.39 (U.S.) at $46.60 per barrel. “And I’d say we’re just leaning a little bit more toward the cautious side today.”


Source: thestar July 05, 2016 16:40 UTC



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