Despite positive GDP figures, the Toronto Stock Exchange has seen its biggest recent drop with results Bank of Nova Scotia disappointing while investors in Valeant decided to sell after yesterday’s increase in share value. Wall Street was another influence with the major US indexes falling back after record highs yesterday. Asian markets saw losses with many surprised by the decision of Australia’s central bank to hold steady on interest rates. Greece was back on the agenda in Europe as conflicting reports debated whether the bloc was about to discuss a new bailout agreement.
The S&P/TSX Composite Index closed down 130.2 (0.85 per cent)
The NYSE closed lower
Oil is trending higher (Brent $61.02, WTI $50.30 at 4.05pm)
Gold is trending lower
The loonie is valued at U$0.80055 (4.05pm)