It was another day of losses on the TSX with energy stocks leading the decline. Thursday could bring a decision from the OPEC oil cartel on cutting production levels to stabilise prices but it is far from a sure thing. While some countries are pushing for a cut in output; especially those whose national budgets depend on higher oil prices; while others are firmly against. There is even a chance that the decision will be deferred until the New Year, although that is unlikely. Raw materials producers also saw losses today after enjoying a seven-week high.
The S&P TSX Composite Index closed down 35.24 (0.23 per cent).
The NYSE closed higher.
Oil and gold are edging marginally higher.
The loonie is down against the US dollar.