Resources prices, stocks continue to weaken

Resources prices, stocks continue to weaken

Resources prices, stocks continue to weaken Oil and gold were among the natural resources that were once again hit as the Chinese yuan was further devalued and positive US data boosted the greenback. Canada’s TSX saw a third session of decline but losses were tempered by reassurance from the Chinese central bank that the yuan’s devaluation was short-term.

Asian and European markets closed mainly higher; the latter gaining on expectation that the Greek deal will proceed through the country’s parliament.

The S&P/TSX Composite Index closed down 101.1 (0.71 per cent)
The Dow Jones closed up 5.74 (0.03 per cent)
Oil is trending lower (Brent $49.18, WTI $42.20 at 4.05pm)
Gold is trending lower (1114.40 at 4.05pm)
The loonie is valued at U$0.7649