TSX lower as energy sector tries to predict OPEC

TSX lower as energy sector tries to predict OPEC

TSX lower as energy sector tries to predict OPEC 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.