Canada Stock Decline; Momentum Stocks Close Lower; Poloz Says Deflation Not Present

By
A A A

Canadian stocks closed down on Friday, lower for a second straight trading session. Most sectors are lower, with Healthcare driving the losses for the week notching up a 4.75% decline.

Healthcare was not the only sector under pressure during the past week, Info Tech also declined. Info Tech decline slightly more than 3% for the week.

Inflation continues to remain a concern of government officials. Poloz stated today on BNN that real conditions that produce deflation are not present, for example wage growth he states is still positive.

The comments come on the heels of a robust inflation report released on Friday in the US. The labor department reported that the producer-price index rose 0.5% in March. It rose 0.6% excluding the volatile categories of food and energy. Economists surveyed had expected the index to rise a more modest 0.1%, and predicted a 0.2% increase excluding food and energy.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks:

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

Most Active by Volume

85,467,945
  • $16.74 ▼ 0.30%
83,530,302
  • $12.49 ▲ 85.31%
68,697,805
  • $42.55 ▼ 0.77%
58,516,965
  • $101.63 ▼ 0.03%
49,234,469
  • $74.58 ▼ 3.74%
39,038,134
  • $8.56 ▲ 2.27%
37,813,410
  • $49.38 ▼ 5.24%
37,004,144
  • $46.24 ▼ 0.97%
As of 9/15/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com