Energy, Mining Stocks Dragging Canadian Stocks Lower; Shares of Healthcare, Tech Firms Limiting Declines
Canadian stocks are lower today, with the S&P/TSX Composite Index off 60 points, but it has bounced back from a 110-point decline early in the session.
Energy and mining stocks both are lower, falling with declines in crude oil and bullion prices in commodities trade today. Healthcare and technology stocks are higher, helping limit declines for the broader market.
In individual company news, Kingsway Financial Services Inc. (KFS.TO,KFS) is slightly lower after late Friday reporting a Q1 net loss of $1.32 per share, down from a $0.96 loss during the same quarter last year earlier. The insurer also posted $33.6 mln in total revenue, well under the lone analyst estimate for the period looking for $69.7 mln in total revenue. There were no analyst estimate for net loss.