TSX at 3pm: Toronto Stocks Tumble as Energy Shares Decline

By Midnight Trader,  May 04, 2012, 03:00:49 PM EDT

Toronto's main stock index hit its lowest point of the year today as energy and financial shares declined in the wake of disappointing U.S. jobs data.

In late afternoon trading, the S&P TSX Composite Index was off about 160 points at 11,856, recovering from a session low of 11,824, its lowest level since December 30, 2011.

The energy sector fell about 2% as Canadian Oil Sands (COS.TO) and Suncor Energy (SU.TO) lost ground on weaker crude oil prices. The financial sector was down more than 1%.




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.


This article appears in: Investing, Commodities

Referenced Stocks:



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