Canada's main stock market, the Toronto Stock Exchange, added to
yesterday's 160 points loss with a decline of 113 points today.
U.S. markets were down too amid continuing uncertainty about when
the U.S. Federal Reserve will roll back its monetary stimulus
program. There was, however, some hope for buyers - the market
recouped around 20 points late on and finished with some upward
momentum amid signs of bargain hunting.
All sectors were lower, with Industrials and Info Tech keeping
losses to under 1%. Utilities lost more than 2% as a group and was
the biggest percentage loser.
It might have been worse but for Turquoise Hill Resources
(TRQ.TO) - which saw around 16 million of its shares traded, around
7 million more than the next most traded. TRQ closed up 2 cents at
$6.33 but off a day high $6.50.
Among commodities, gold futures bounced back from early losses
today to add US$15 and close at $1,392 per ounce. Dictating gold's
movement today was traders mulling the prospects of whether or not
the Federal Reserve will soon begin unwinding its monetary stimulus
Crude oil ended up 0.5% at US$95.88 a barrel after the U.S.
Energy Information Administration reported that U.S. crude-oil
supplies rose by 2.5 million barrels last week to 393.8 million
barrels. According to Platts, analysts were looking for no
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