Canadian Stocks At Session Lows On IMF Warnings; All Sectors Bar Utilities Lower

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Canadian stocks are at their worst levels of the day, with the S&P/TSX Composite index down about 80 points. As with U.S. markets, the Canadian market is down after the International Monetary Fund cut its growth outlook for the States next year and urged the Federal Reserve to carefully manage its exit from monetary stimulus plans.

Nearly all industry sectors are trading lower, led by declines for shares of mining and materials companies and tech stocks. Utility stocks are the lone gainers, climbing about 0.6% as a group.

In company news, Cameco Corp. (CCO.TO, CCJ) is up after saying it received an operating license for its 50%-owned Cigar Lake uranium project in Saskatchewan.


Also today, smartphone-maker BlackBerry (BB.TO,BBRY) is now flat and fluctuating either side of it, a day after the stock climbed 6.2% following an upgrade by Societe Generale.



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

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