Canadian stocks dip down

Toronto, April 8 (IANS) Canada’s main stock market in Toronto fell back as lower commodity prices weighed on resource stocks, while financial issues also fell as global shares dipped and investor appetite for risk weakened.

The Toronto Stock Exchange’s benchmark Standard & Poor’s/TSX Composite Index lost 81.02 points, or 0.61 percent, to close at 13, 266.44 points on Thursday, Xinhua news agency reported.

Six of the TSX index’s eight main sub-sectors were lower.

Oil prices retreated on Thursday amid profit-taking following sharp gains.

The West Texas Intermediate for May delivery moved down 49 cents to settle at $37.26 a barrel, while Brent crude for June delivery increased 41 cents to close at $39.43 a barrel.

The Canadian dollar traded lower at $0.7608, compared with Wednesday’s closing rate of $0.7637.

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