TSX Fails To Hold Early Gains, Ends On Weak Note
(RTTNews) - Despite opening on a firm note and holding in positive territory till a little before noon, the Canadian market slipped into the red and ended on a weak note on Tuesday.
Technology, consumer staples, consumer discretionary, healthcare, materials and industrials shares drifted lower, while energy stocks turned in a fine performance as crude oil prices rose sharply.
The benchmark S&P/TSX Composite Index, which climbed to 19,500.89 earlier in the session, ended the day at 19,222.74, down 35.58 points or 0.18% from the previous close.
Lightspeed Commerce (LSPD.TO) amd Shopify Inc (SHOP.TO) ended lower by about 7% and 6.1%, respectively. Cargojet (CJT.TO), Agnico Eagle Mines (AEM.TO), Thomson Reuters (TRI.TO), Alimentation Couche-Tard Inc (ATD.B.TO), Premium Brands International (PBH.TO), West Fraser Timber (WFG.TO) and Canadian National Railway (CNR.TO) shed 2 to 4%.
ARC Resources (ARX.TO) rallied nearly 9%. Paramount Resources (POU.TO) climbed 6.5%. Tourmaline Oil Corp (TOU.TO), Fairfax Financial Holdings (FFH.TO), Canadian Natural Resources (CNQ.TO), Vermilion Energy (VET.TO) and Precision Drilling Corporation (PD.TO) gained 2 to 5.3%.
Imperial Oil (IMO.TO), Kinaxis Inc (KXS.TO) and Nutrien (NTR.TO) were among the other notable gainers.
TSX Ends Modestly Lower
Dollar Turns In Mixed Performance Against Major Counterparts
U.S. Stocks Close Notably Lower; Nasdaq Sheds 1.5 Percent
U.S. Stocks Down Firmly In Negative Territory; Nasdaq Tumbled 1.7 Percent
Swiss Market Ends On Firm Note
Canadian Dollar Declines Against Most Majors
European Markets Close Higher
