Equities in Canada’s biggest market went for a tumble on Thursday, including losses for financial and energy shares as oil prices fell and mounting risk that Britain will leave the European Union weighed on global stock markets.
The S&P/TSX Composite forfeited 62.79 points to open Thursday at 13,860.66
The Canadian dollar tumbled 0.76 cents to 76.69 cents U.S.
WestJet Airlines said Wednesday it would consider a slightly larger version of Boeing Co's 737 MAX 7 jet with more seats, as the carrier prepares to take delivery of 65 narrowbodies from the planemaker through 2027.
WestJet shares were downed 30 cents, or 1.4%, to $21.11.
NBF raises the rating on Alterra Power to outperform from sector perform. Alterra shares took on 1.5 cents, or 3.3%, to 47 cents.
NBF raised the target price on Corus Entertainment to $12.50 from $11.50. Corus shares dipped nine cents to $13.13.
CIBC raised the rating on Transcontinental Inc. to outperform from sector perform. Transcontinental shares moved up 29 cents, or 1.7%, to $17.56.
Economically speaking, Statistics Canada reported foreign investment in Canadian securities amounted to $15.5 billion in April. Meanwhile, Canadian investors acquired $4.7 billion of foreign securities, mainly debt instruments.
ON BAYSTREET
The TSX Venture Exchange grew 6.94 points to 720.95
All but two of the 13 TSX subgroups were on the negative side, as metals and mining stumbled 3%, energy went south 1.7%, and financials slid 0.8%.
The two gainers were gold, ahead 3.4%, and materials, better by 1.7%.
ON WALLSTREET
U.S. stocks traded lower Thursday, amid declines in oil prices, as concerns about next week's Brexit vote and effectiveness of central bank policy weighed.
The Dow Jones Industrials fumbled 137.52 points to open the session at 17,502.65, with Goldman Sachs contributing the most to declines.
The S&P 500 dropped 16.53 points at 2,054.97. Energy traded more than 1.5% lower as the greatest decliner in the S&P 500, followed by financials.
The NASDAQ surrendered 39.83 points to 4,795.10
Prices for the 10-year Treasury gained sharply, lowering yields to 1.53% from Wednesday’s 1.58%. Treasury prices and yields move in opposite directions.
Oil prices dove $1.25 a barrel to $46.76 U.S.
Gold prices perked $25.60 to $1,313.90 U.S. an ounce.
