TSX declines on domestic concerns, recovers on Greece

Weak data on retail sales and an increased likelihood of a further cut in interest rates led to a pessimistic day at the Toronto Stock Exchange.

TSX declines on domestic concerns, recovers on Greece
Weak data on retail sales and an increased likelihood of a further cut in interest rates led to a pessimistic day at the Toronto Stock Exchange. There was some last minute positive news from the other side of the Atlantic though as European finance ministers agreed a deal to extend Greece’s loan arrangement for four months to allow the country more time to reach a longer term plan. Greece had asked for six months but that request was blocked by Germany leading to fears that no deal would be agreed this week.

The S&P/TSX Composite Index closed down 8.09 (0.05 per cent)

The NYSE closed higher

Oil is trending slightly lower (Brent $60.05, WTI $50.75 at 4.10pm)

Gold is trending lower

The loonie is valued at U$0.79752 (at 4.10pm)

 

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