Markets

TSX at 3pm: Toronto Stocks Tumble as Energy Shares Decline

Toronto's main stock index hit its lowest point of the year today as energy and financial shares declined in the wake of disappointing U.S. jobs data.

In late afternoon trading, the S&P TSX Composite Index was off about 160 points at 11,856, recovering from a session low of 11,824, its lowest level since December 30, 2011.

The energy sector fell about 2% as Canadian Oil Sands (COS.TO) and Suncor Energy (SU.TO) lost ground on weaker crude oil prices. The financial sector was down more than 1%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More