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

Quick Facts

Editors Pick
Media entertainment company CBS Corp. (CBS, CBS-A), Tuesday reported an increase in profit for the first quarter, driven largely by double-digit increase in revenues reflecting strong performance of television network segment. The New York-based company's first-quarter profit rose to $473 million... A Brazilian judge has ordered all wireless phone carriers in the country to block WhatsApp after the Facebook-owned messaging service failed to comply with an order asking to turn over data related to a criminal investigation. According to reports, the app, which is used by over 100 million Brazilians,... Amazon.com Inc. intends to bring its free same-day delivery to the Bronx and Chicago's South Side areas. The online retailer's plans comes after severe criticism were raised that the company unfairly left out some predominantly black and Hispanic areas from its Prime service. An analysis done by...
comments powered by Disqus
Follow RTT