Energy stocks have once again had a negative effect on the Toronto Stock Exchange along with a sell-off of US equities following concern over an earlier rise in interest rates. Blackberry shares also dropped today as Goldman Sachs downgraded the Waterloo-based firm. Asian markets started their week lower on regional concerns combined with caution over the Fed’s potential June rate rise. China fared better with data showing a large hike in exports. Europe’s central bank began its bond-buying program today but most major indexes were lower, partly due to the continued issue of the Greek bailout.
The S&P/TSX Composite Index closed down 98.01 (0.66 per cent)
The NYSE closed higher
Oil is mixed (Brent lower $58.52, WTI higher $49.97 at 4.15pm)
Gold is trending higher
The loonie is valued at U$0.7941 (4.15pm)