Canada stocks fell in line with their U.S. counterparts on
Friday as talks between U.S. Secretary of State John Kerry and
Russian Foreign Minister Sergei Lavrov failed to ease tensions in
the Ukraine. The Crimea peninsula will this weekend vote on whether
or not it wants to join Russia. Somewhat ironically, perhaps, the
geopolitical tensions overshadowed gains made on the resources
heavy TSX as commodity prices rose on safe haven buying.
The TSX closed down near 20 points. According to Canada's BNN
TV, 120 million less shares were traded on the TSX Composite today
compared to Thursday. Around 150 million shares changed hands
Friday. Sectors were mixed.
Gold closed higher but off earlier six month highs. Brent crude
was higher on forecasts for increased demand by the International
Energy Agency and on an expectation that the Ukraine crisis will
lift demand near term. West Texas Intermediate was also up.
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