Canada Stocks Lose 2.4%; Manulife Bucks Trend, Gaining 1.5% As Gets Upgraded

By
A A A

Canada's main stock market, the Toronto Stock Exchange, lost 300 points or 2.4% Thursday - although it did recover some 30 points in the final minutes, which may give hope of better things to come tomorrow. Are there enough bargain hunters out there to make a difference Friday?

Today, the TSX fell in line with other North American stock markets after the FOMC yesterday paved the way for an end to its monetary stimulus program.

All sectors were lower, led by Metals & Mining, which lost 5%. Reflecting that the most active individual stocks Kinross Gold (K.TO) and B2Gold (BTO.TO) dropped 8% and 9.5% respectively. But bucking the trend, next most active Manulife Financial (MFC.TO) gained 1.5% as it was upgraded to Outperform from Market Perform at BMO.



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

WSJ’s House of the Week
WSJ’s House of the Week             

Stocks

Referenced

Most Active by Volume

58,707,995
  • $25.98 ▼ 1.81%
55,057,148
  • $15.52 ▲ 0.19%
48,580,535
  • $69.40 ▲ 1.43%
48,253,528
  • $28.33 ▲ 5.00%
37,923,248
  • $93.939 ▼ 0.52%
37,174,627
  • $44.835 ▲ 0.32%
32,656,684
  • $3.78 ▼ 1.31%
31,770,654
  • $34.06 ▲ 1.07%
As of 7/21/2014, 04:08 PM