Insurance, bank stocks pull TSX lower as loonie sees moderate rise - News Summed Up

Insurance, bank stocks pull TSX lower as loonie sees moderate rise


Canada's largest stock index finished in the red for the third consecutive day, as banks and insurance companies lost ground. The Toronto Stock Exchange's S&P/TSX composite index fell 42.83 points to 16,039.26, with the financials sector down about three-quarters of a point. All the big banks reported losses as did major insurers such as Manulife Financial Corp. and Fairfax Financial Holdings. The S&P 500 index edged down 2.32 points to 2,582.30 and the Nasdaq composite index eked out 0.89 of a point at 6,750.94. The Canadian dollar was trading at an average price of 78.85 cents U.S., up 0.06 of a U.S. cent.


Source: thestar November 10, 2017 16:30 UTC



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