Canada's main stock market index lost around 40 points in the
last hour Friday to end the day down more than 170 points at day
It was hurt by overseas factors including slower-than-expected
economic growth data from China that dampened hopes of increased
demand for commodities and also a spike in Spain's borrowing costs
that had a negative impact on banks.
Most actively traded again was Cline Mining (CMK.TO) which fell
13% and hit a new year low of 92 cents with around 16.3 million
shares traded. It was trading at $2.24 mid-January and has blamed
the share price drop on coal prices.
Oil prices fell on Friday and posted a weekly loss after data
showed that first-quarter economic growth in China, the world's No.
2 oil consumer, was the weakest in nearly three years, reinforcing
concerns about slowing demand for petroleum, Reuters reported. It
said a stronger dollar and a slip in U.S. consumer confidence in
early April, as gasoline prices hit household budgets, also
pressured oil prices.
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