Global concerns subdue stocks

Global concerns subdue stocks

Global concerns subdue stocks The Toronto Stock Exchange was under pressure again from political and economic conditions in Europe and Asia today as the European markets were subdued by the uncertainty in Greece and Ukraine, weaker than expected GDP figures from the UK and some disappointing corporate results. Asian markets fared slightly better but China and Hong Kong closed lower on profit taking. The general feeling is negative as concerns about global growth dominate. Even the US markets were feeling sombre with thinner trading due to snow and some weak earnings reports.

The S&P/TSX Composite Index closed up 36.05 (0.24 per cent)

The NYSE closed lower

Oil is trending lower

Gold is trending higher

The loonie is trending lower ($0.8066 at close)