Canadian stocks on three-week low on Ukraine turmoil
August 6, 2014 6:38 amVideo
Latest News
- Bank of Japan is trapped and increasingly dependent on the Fed’s stance. Overview of USD/JPY May 2, 2024
- Trading Signals for GOLD (XAU/USD) for May 1-2, 2024: buy above $2,290 (21 SMA – 4/8 Murray) May 1, 2024
- Technical Analysis – US 500 index might hit lower levels after Tuesday’s slump May 1, 2024
- Technical Analysis – NZDUSD falls back towards 5-month low May 1, 2024
- Technical Analysis – USDJPY erases losses, but risks remain May 1, 2024
- Video market update for May 01, 2024 May 1, 2024
- What do Q1 earnings hold for Disney’s stock? – Stock Markets May 1, 2024
- Will the post-FOMC jobs report move the dollar? – Preview May 1, 2024
- Forex forecast 05/01/2024: EUR/USD, GBP/USD, USD/JPY, SP500 and Oil from Sebastian Seliga May 1, 2024
- Market Comment – Dollar enjoys a bid; stocks concerned about a hawkish Fed May 1, 2024
- Technical Analysis – Gold seeks safety after Tuesday’s drop May 1, 2024
- Technical Analysis – USDJPY stabilizes a tad below 160.00 May 1, 2024
- Video market update for April 30, 2024 April 30, 2024
- Analysis of the EUR/USD pair on April 30, 2024 April 30, 2024
- Analysis of the GBP/USD pair on April 30th. Last chance for the dollar April 30, 2024
- GBP/USD: Simple trading tips for novice traders for April 30th (US session) April 30, 2024
- EUR/USD: Simple trading tips for novice traders for April 30th (US session) April 30, 2024
- GBP/USD: trading plan for the US session on April 30th (analysis of morning deals). The pound is kept within the side channel April 30, 2024
- Could Monday’s intervention turn the tide for the yen? – Special Report April 30, 2024
- EUR/USD: trading plan for the US session on April 30th (analysis of morning deals). The euro is trying to end the month on April 30, 2024
Canadian stocks dropped to its lowest in three weeks due to the escalating tension over at Ukraine and the slowing of Chinese service industries that drove a decline in commodities.
The Standard & Poor’s/TSX Composite Index shed 0.2% or 27.55 points to 15,187.71, 4:00 pm, Toronto time. The gauge last saw this low of a close last July 15 of this year before recovering to a record close last July 30 same year. Yesterday the index was closed for the Ontario holiday.
Copper and gold producer, Imperial Metals Corp., plummeted 39 % after the company’s waste storage facility in Mount Polley Mine in British Columbia was reportedly breached. Mining companies took the lead in dragging the Canadian market down with Lundin Mining Corp. and Copper Mountain Mining Corp. shedding more than 1.5% on copper went into its largest decrease in eight weeks. Silver are also in negative territory with Silver Standard Resources Inc. losing 4.6%. Crude is with the general downward trend as it approached a six-month low with Bonavista Energy Corp. falling by 5%, leading the lag in oil producers.
Russian President Vladimir Putin has commanded a response to the US and European sanctions with an expansion for the Russian troops on the Ukraine border that may be an indication that Putin plans on an invasion according to the warnings of Poland’s foreign minister.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: