TSX declines on domestic concerns, recovers on Greece

TSX declines on domestic concerns, recovers on Greece

TSX declines on domestic concerns, recovers on Greece Weak data on retail sales and an increased likelihood of a further cut in interest rates led to a pessimistic day at the Toronto Stock Exchange. There was some last minute positive news from the other side of the Atlantic though as European finance ministers agreed a deal to extend Greece’s loan arrangement for four months to allow the country more time to reach a longer term plan. Greece had asked for six months but that request was blocked by Germany leading to fears that no deal would be agreed this week.

The S&P/TSX Composite Index closed down 8.09 (0.05 per cent)

The NYSE closed higher

Oil is trending slightly lower (Brent $60.05, WTI $50.75 at 4.10pm)

Gold is trending lower

The loonie is valued at U$0.79752 (at 4.10pm)