TSX lower but loonie up; Oil gains on Yemen

TSX lower but loonie up; Oil gains on Yemen

TSX lower but loonie up; Oil gains on Yemen The Toronto Stock Exchange was lower Thursday as concern over economic growth and Wall Street dragged stocks lower. There was some respite for the oil industry as prices increased globally as violence in Yemen escalated as a rebel group attempt to oust the president. Saudi Arabia has joined the airstrikes and the White House has supported its action. Asian markets followed the weak lead from Wall Street while the unrest in Yemen was a concern for European markets.

The S&P/TSX Composite Index closed down 59.57 (0.40 per cent)

The NYSE closed lower

Oil is trending higher (Brent $58.99, WTI $51.29 at 4.20pm)

Gold is trending higher

The loonie is valued at U$0.8012 (at 4.20pm)