TSX Closes Down More Than 150 Pts; Rubicon Shines As Most Active

By Midnight Trader,  June 01, 2012, 03:58:25 PM EDT

Canada's main stock market closed down around 150 points and less than 20 points above day lows hit mid-morning as disappointing jobs figures in the U.S., manufacturing numbers from Europe and GDP data in Canada all combined to raise concerns about the outlook for the global economy.

Crude fell to the lowest level in almost eight months on the belief that fuel demand may be capped. All eight sub-sectors lost ground, led by energy and then financial issues.

But it might have been worse for the Canadian market as Rubicon Minerals Corp. (RMX.TO), easily the most active on the TSX, gained near 6% with more than 17 million shares traded. In the last week the Paragon Report - which provides Market Research focused on equities that offer growth opportunities, value, and strong potential return - said growing demand in China could provide a necessary boost for gold prices in 2012. The Paragon Report examined investing opportunities in the Gold Industry and provided equity research on Rubicon.




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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