TSX ends the week with losses, Yellen dovish on rates rise

TSX ends the week with losses, Yellen dovish on rates rise

TSX ends the week with losses, Yellen dovish on rates rise The Toronto Stock Exchange ended the week with slim losses and energy shares and financials slipped back. Oil prices halted their gains after fears eased over supply shortages from the Middle East due to the Yemen crisis. Asian markets closed mixed with Japan releasing weak consumer price data sparking new fears of deflation and Chinese industrial profits hitting a three-year low, although Shanghai did manage to close higher. European markets were mixed with Yemen still featuring on the list of concerns. Wall Street gained after Fed chair Janet Yellen said that an interest rate rise might be warranted later in the year; her comments were not seen as showing any hurry to start hiking rates.

The S&P/TSX Composite Index closed down 57.38 (0.39 per cent)

The NYSE closed slightly higher

Oil is trending lower (Brent $56.07, WTI $48.40 at 4.10pm)

Gold is trending lower

The loonie is valued at U$0.7938 (at 4.10pm)