TSX falls back as energy agency predicts oil’s future

TSX falls back as energy agency predicts oil’s future

TSX falls back as energy agency predicts oil’s future The energy and natural resources sectors declined on the Toronto Stock Exchange today ending the recent rally. The International Energy Agency forecast that supplies could hit record highs this year and warned that the industry could not be certain that the worst of the crisis was over. World markets continue to watch the unfolding story in Greece and many analysts are predicting an exit from the Euro for the stumbling economy.

The S&P/TSX Composite Index closed up 11.82 (0.08 per cent)

The NYSE closed higher

Oil is trending lower

Gold is trending lower

The loonie was worth US $0.79410 (at 4.45pm)