Canada stocks edge lower to near two-month low as oil slips
The S&P/TSX Composite fell 0.1% to 35,460.27, its lowest close since July 31, as oil prices declined and investors weighed July unchanged GDP and August preliminary growth.
(Updates at market close) By Fergal Smith TORONTO, Sept 29 (Reuters) — Canada's main stock index edged down to a nearly two-month low on Tuesday as oil prices fell and investors assessed domestic GDP data, with energy and financials among the sectors posting the largest declines. 27, marking its lowest closing level since July 31. The US benchmark stock index, the S&P 500, also dipped as longer-dated government bond yields continued their ascent ahead of key inflation and labor market data this week. 2% in August.
The data pointed to a "relatively solid" quarterly advance for the economy, Alexandra Ducharme, a senior economist at National Bank of Canada Capital Markets, said in a note. "This is likely easing some of the Bank of Canada’s concerns about the economy’s ability to withstand trade tensions, which have recently intensified," Ducharme said. A US import ban on many Canadian alcoholic beverages, motorcycles and dairy products took effect on Tuesday. 38 a barrel on signs of recovering crude exports from the Middle East.
5%. A US appeals court upheld a ruling for information services company Thomson Reuters in its copyright dispute with former legal-research rival Ross Intelligence over Ross' alleged misuse of copyrighted material to train an AI-powered legal search engine. 8% lower. 6%.
5%, recovering from a more than seven-week low hit in the previous session. com; +1 647 480 7446)