Canadian stocks fall as resources, financials drag

Toronto, June 10 (IANS) Canada’s main stock market in Toronto registered a broad decline as oil prices snapped a three-day advance after notching another 2016 high after a strong US dollar sparked profit-taking in crude futures by investors.

The Toronto Stock Exchange’s benchmark Standard & Poor’s/TSX Composite Index lost 73.08 point, or 0.51 per cent, to close at 14,240.02 points on Thursday, Xinhua news agency reported.

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

The West Texas Intermediate for July delivery fell 67 cents to settle at $50.56 a barrel, while Brent crude for August delivery lost 56 cents to close at $51.95 a barrel.

The Canadian dollar traded lower at $0.7866, compared with Wednesday’s closing rate of $0.7876.

–IANS

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