Concern over US interest rates has pushed the Toronto Stock Exchange lower again today with the main index falling to a five-week low. Fears of an earlier Fed rate rise has subdued markets worldwide together some regional issues including China’s wholesale prices in deflation and Europe’s debt agreement with Greece. Energy stocks have also been affected by lower oil prices with a supply glut forecast despite ongoing tension in the Middle East. Bank stocks also declined again today.
The S&P/TSX Composite Index closed down 212.7 (1.43 per cent)
The NYSE closed lower
Oil is trending lower (Brent $56.54, WTI $48.63 at 4.20pm)
Gold is trending lower
The loonie is valued at U$0.7880 (at 4.20pm)
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