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Canada Stocks Close Down; All Sectors Lower; Talisman Energy Most Active

By: MT Newswires
Posted: 10/8/2013 4:02:00 PM
Referenced Stocks:

Canadian stocks closed lower on Tuesday down 0.75%, all sectors were lower with Metals and Mining along with Healthcare the largest drag on the broader market. Canada's trade balance did little to buoy the TSX.

Canada's trade balance surprised the street on the downside. August's deficit rose to $1.3b, with downward revisions to the prior months' trade balance also adding salt to the wounds. Exports were up 1.8%, driven in large part by volumes. And imports rose, although the gains were in sectors typically tied to improving domestic activity.

Talisman was the most active share closing down 1.98% with 14.1 million shares changing hands. Late on Monday, Carl Icahn said he had purchased about 61 million shares of the under performing oil producer and may seek a seat on the company's board.