TSX Closes Down 20 Pts With All Eyes on Ukraine

By
A A A

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.



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

Referenced Stocks:

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

ColonialMills_USETBASITE
ColonialMills_USETBASITE            

Stocks

Referenced

Most Active by Volume

4,487,983
  • $17.18 ▲ 0.88%
3,808,029
  • $33.51 ▲ 2.85%
3,620,377
  • $101.44 ▲ 1.42%
3,596,007
  • $6.65 ▲ 11.02%
3,054,811
  • $11.64 ▼ 5.29%
2,903,087
  • $74.815 ▲ 0.95%
2,900,949
  • $107.79 ▲ 0.76%
2,805,280
  • $46.58 ▲ 1.15%
As of 10/31/2014, 09:36 AM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com