Stocks Lower on Slow, Dull Thursday

By Baystreet Stock Market Update

Health-care Issues Shine

Shares in Canada’s main stock index were marginally lower on Thursday led by a drop in the financial and health-care sectors

The S&P/TSX Composite Index slipped 3.44 points to finish Thursday at 15,073.17

The Canadian dollar climbed 0.23 cents at 75.83 U.S.

In the health-care field, Canopy Growth dropped 64 cents, or 1.4%, to $44.00, while Bausch Health Companies lost 34 cents, or 1.1%, to $30.25

Among financials, Royal Bank hesitated $1.07, or 1.1%, to $94.81, while Scotiabank handed down 28 cents to $70.00

Utilities were wonky as well, as Fortis Inc. sank 29 cents to $46.14. Hydro One doffed six cents to $19.46.

Energy stocks put a more positive spin on things, as Canadian Natural Resources took on 16 cents to $35.79, while Imperial Oil crept up seven cents to $40.36.

Tech stocks also moved doggedly upward, as BlackBerry muscled up 11 cents, or nearly 1%, to $11.74, while Constellation Software leaped $10.87, or 1.2%, to $921.02.

Among materials issues, Agnico Eagle Mines gained 50 cents, or 1%, to $49.91.

On the economic front, Statistics Canada reported those drawing regular employment insurance benefits numbered 446,500 in September, down 14,300, or 3.1%, from August.

Oil prices slid 0.78 cents to $53.85U.S. a barrel.

Gold prices gained $1.94 to $1,227.51U.S. an ounce.


The TSX Venture Exchange dipped 1.61 points to 602.44

Seven of the 12 subgroups were lower, with health-care bowing 1.4%, financials and utilities each lower by 0.3%.

The five gainers were co-led by information technology and energy, each up 0.6%, materials, improving 0.4%.


U.S. markets were closed for Thanksgiving

This article provided by NewsEdge.