Canada Stocks Lose 2.4%; Manulife Bucks Trend, Gaining 1.5% As Gets Upgraded
Canada's main stock market, the Toronto Stock Exchange, lost 300 points or 2.4% Thursday - although it did recover some 30 points in the final minutes, which may give hope of better things to come tomorrow. Are there enough bargain hunters out there to make a difference Friday?
Today, the TSX fell in line with other North American stock markets after the FOMC yesterday paved the way for an end to its monetary stimulus program.
All sectors were lower, led by Metals & Mining, which lost 5%. Reflecting that the most active individual stocks Kinross Gold (K.TO) and B2Gold (BTO.TO) dropped 8% and 9.5% respectively. But bucking the trend, next most active Manulife Financial (MFC.TO) gained 1.5% as it was upgraded to Outperform from Market Perform at BMO.