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