(RTTNews) – The Canadian market ended on a weak notice on Friday, extending losses to a fifth straight session, on issues in regards to the outlook for financial development, and on uncertainty in regards to the end result of the upcoming U.S. presidential election.
Losses in actual property, shopper discretionary, communications and supplies sectors contributed to the weak point. A number of shares from industrials, financials and expertise sectors additionally closed weak, whereas vitality and healthcare shares discovered assist.
The benchmark S&P/TSX Composite Index, which moved up a bit after opening flat, turned weak round late morning and stored dropping floor thereafter and ultimately ended the day’s session with a lack of 87.88 factors or 0.36% at 24,463.67. The index dropped almost 1.5% within the week.
On the financial entrance, knowledge srom Statistics Canada confirmed retail gross sales within the nation probably elevated by 0.4% from the earlier month in September, based on flash estimate.
Retail gross sales elevated 1.4% in August over the identical month within the earlier 12 months.
Manufacturing gross sales in Canada decreased by 0.8% in September from -1.3% in August.
One other knowledge from Statistics Canada stated the brand new home worth index in Canada remained unchanged at 0% in September. On yearly foundation, the index elevated to 0.2% in September from 0% in August.
iA Monetary Company (IAG.TO) ended down 2.5%. Restaurant Manufacturers Worldwide (QSR.TO), Canadian Pacific Kansas Metropolis (CP.TO), Kinaxis Inc (KXS.TO), Constellation Software program (CSU.TO) and Dollarama Inc (DOL.TO) closed decrease by 1 to 2%.
Winpak Ltd. (WPK.TO) climbed greater than 4.5%. goeasy (GSY.TO) gained about 3.2%. Celestica Inc (CLS.TO), West Fraser Timber (WFG.TO), Teck Sources (TECK.B.TO), Precision Drilling Company (PD.TO), Imperial Oil (IMO.TO), Morguard Company (MRC.TO) and Boyd Group Companies (BYD.TO) superior 1 to 2.6%.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
