Canadian stock market down

0 Comment(s)Print E-mail Xinhua, July 22, 2017
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TORONTO, July 21 (Xinhua) -- Canada's main stock index fell Friday because of weakness in oil prices weighed on energy-sector shares, offsetting a gain in gold miners.

The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index fell 81.51 points, or 0.53 percent to conclude the day at 15,183.13. But it edged 0.05 percent higher over the week.

The heavyweight energy group led a broad retreat with oil prices sliding and its biggest banks also lost ground.

Oil prices dropped Friday after a report from consultancy Petro-Logistics predicted higher production by members of the Organization of the Petroleum Exporting Countries for July, renewing fears of oversupply in the market.

Canadian Natural Resources shed 2.4 percent to 37.25 Canadian dollars, and Suncor Energy fell 0.6 percent to 38.58 Canadian dollars.

The Canadian dollar added 0.37 cents to 0.79.77 U.S. dollar while oil prices declined 79 cents to 46.13 U.S. dollars a barre and gold prices gained six dollars to 1,251.50 U.S. dollars an ounce. Enditem

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