logo
Share SHARE
FONT-SIZE Plus   Neg

TSX Dives At Open Monday

Bay Street stocks suffered steep losses at open Monday amid widespread sell-offs, with the S&P/TSX Composite Index diving 167.82 points or 1.44 percent to 11,526.85.

The Diversified Materials Index lost close to 3 percent, with Inmet Mining (IMN.TO) and First Quantum Minerals (FM.TO) shedding close to 4 percent each. Teck Resources (TCK_B.TO) was down 2 percent.

Base-metals miner Imperial Metals (III.TO) surrendered close to 5 percent after reporting a lower first-quarter net earnings.

In the oil patch, Suncor Energy (SU.TO) and Baytex Energy Corp. (BTE.TO) were down around 3 percent each.

Among gold plays, Goldcorp. (G.TO), Allied Nevada Gold (ANV.TO) and Agnico-Eagle Mines (AEM.TO) were down over 2 percent each.

Silver Wheaton Corp. (SLW.TO) slipped over 3 percent despite posting improved first quarter net earnings.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Software giant Microsoft Corp. said Monday after the markets closed that its second quarter profit fell 11% from last year, hurt mainly by integration and restructuring costs as well as higher income tax expenses even as revenue increased 8% due to strong sales of its gadgets and cloud-based products. English-made Cadbury chocolates will no longer be available in the United States, the result of a settlement between Hershey and a New Jersey-based import company. Beloved treats such as the Cadbury Creme Egg will only be sold in the U.S. using American chocolate, angering those who say the creamier... Gas prices are set to climb again after a long time due to rising wholesale prices. According to Lundberg Survey, while the national average price of gas fell 13 cents in the past two weeks to $2.07 a gallon, it could soon rise due to increased costs of crude oil in the past 10 days.
comments powered by Disqus
Follow RTT