Canada Stocks Lose Nearly 100 Points

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The Toronto Stock Exchange on Wednesday closed down nearly 100 points, although that was still 30 points above day lows struck late morning. The index was weighed down most by gold stocks with gold futures down for most of the regular session, although they showed signs of improvement over the last couple of hours of the North American trading day as FOMC minutes for July did not provide clear guidance on when the U.S. Fed might begin to wind down the monthly bond-buying program. The minutes were pretty similar to those of last month.

All sectors were lower, led down, not surprisingly, by Metals & Mining with B2Gold (BTO.TO) most traded and down 5.1% and Kinross Gold (K.TO) third most active and down 5.7%.

Also, oil prices fell as a government report released today showed U.S. crude supplies fell by 1.43 million barrels, against a forecast 1.5 million-barrel drop.



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This article appears in: Investing , Commodities

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