Canada Stocks Close Lower; Sectors Mixed; Dovish Tone from BOC Caps Losses

By
A A A

Canadian stocks closed lower on Wednesday down 5 points,sectors were mixed with the Industrials the best performing sector in a down tape.

The Bank of Canada left interest rates unchanged on Wednesday but abandoned 18 months of warnings that interest rates will one day have to rise. The central bank stated that the soft economy and persistently weak inflation means there is as much chance of a rate cut as a rate hike. Bond prices climbed after the news, sending the Loonie lower.

Talisman Energy Inc. (TLM.TO) was the most active stock with no fresh specific stock news driving volume. The stock closed up 0.16% with 8.7 million shares changing hands.



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

Tiny Homes With Big Appeal
Tiny Homes With Big Appeal          

Stocks

Referenced

Most Active by Volume

270,887,127
    $93.89 unch
225,243,115
  • $40.93 ▼ 2.74%
135,900,109
  • $47.52 ▲ 1.80%
89,467,924
  • $5.35 ▼ 1.11%
85,105,358
  • $16.95 ▼ 0.53%
80,748,539
  • $39.80 ▼ 4.21%
68,491,586
  • $3.57 ▼ 1.79%
62,097,356
  • $100.96 ▼ 0.82%
As of 9/19/2014, 04:15 PM

Find a Credit Card

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