Canadian stock market falls over fear of trade war

Source: Xinhua    2018-03-08 07:53:56

TORONTO, March 7(Xinhua) -- Canada's main stock index fell Wednesday due to uncertainty as the resignation of Gary Cohn, top economic adviser to U.S. President Donald Trump, intensified investor worries over a global trade war.

The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index fell 72.58 points, or 0.47 percent, to end at 15,472.61.

The Canadian dollar gained 0.25 cents to 0.77.47 U.S.

The materials group, which includes precious and base metals, miners and fertilizer companies, fell 1.4 percent.

Canadian Zinc plunged 3.9 percent to 0.12.5 Canadian dollars while First Quantum declined one percent to 20.59 Canadian dollars.

Agnico Eagle Mines Ltd fell two percent to 49.47 Canadian dollars after Credit Suisse cut its price target on the stock.

The energy group fell nearly one percent, with TransCanada Corp down 2.3 percent at 55.65 Canadian dollars.

The shares of trade-sensitive auto parts companies lost ground. Magna International Inc fell 22 cents to 67.73 Canadian dollars.

Health-care issues flopped as Canopy Growth fell 4.8 percent to 31.35 Canadian dollars while Aphria lost 3.5 percent to 13.70 Canadian dollars.

Editor: Yurou
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Canadian stock market falls over fear of trade war

Source: Xinhua 2018-03-08 07:53:56

TORONTO, March 7(Xinhua) -- Canada's main stock index fell Wednesday due to uncertainty as the resignation of Gary Cohn, top economic adviser to U.S. President Donald Trump, intensified investor worries over a global trade war.

The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index fell 72.58 points, or 0.47 percent, to end at 15,472.61.

The Canadian dollar gained 0.25 cents to 0.77.47 U.S.

The materials group, which includes precious and base metals, miners and fertilizer companies, fell 1.4 percent.

Canadian Zinc plunged 3.9 percent to 0.12.5 Canadian dollars while First Quantum declined one percent to 20.59 Canadian dollars.

Agnico Eagle Mines Ltd fell two percent to 49.47 Canadian dollars after Credit Suisse cut its price target on the stock.

The energy group fell nearly one percent, with TransCanada Corp down 2.3 percent at 55.65 Canadian dollars.

The shares of trade-sensitive auto parts companies lost ground. Magna International Inc fell 22 cents to 67.73 Canadian dollars.

Health-care issues flopped as Canopy Growth fell 4.8 percent to 31.35 Canadian dollars while Aphria lost 3.5 percent to 13.70 Canadian dollars.

[Editor: huaxia]
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