The Toronto stock market ended the day in negative territory as
weaker bullion prices dragged down gold shares and the day's
corporate earnings reports failed to impress investors.
The S&P TSX Composite Index closed at 12,748, down 53
points, falling sharply in the final hour or trading.
The materials sector was the main decliner on the TSX, falling
1.5% as April bullion shed 1.1% to settle at $1.649.10 on
speculation demand for gold will slow during this week's Lunar New
Year's holiday in Asia.
The energy sector was also weaker though crude oil prices
reversed earlier declines to finish 1.4% higher at $97.03 a barrel.
Cameco Corp. (CCO.TO) shares declined 3% after the company reported
an 83% drop in quarterly profits.
Heavily traded San Gold (SGR.TO) shed 22% while BlackBerry
(BB.TO) lost 4% following reports that Home Depot is dropping the
BlackBerry smartphone for its executives in favour of the
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