TSX Extends Slide on Weak Oil Prices

Canada main stock index fell for a third straight session as declining oil prices and elevated bond yields dragged down energy shares. Brent crude dropped over one percent while financial stocks limited losses.

Xurve View
Insights:
The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren

Canada's main stock index fell 0.12% to 35,663.77 points during Friday morning trading, heading for a third consecutive decline. High bond yields and falling energy shares weighed on market sentiment. The retreat follows broad downward pressure across resource sectors as global economic worries intensified.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.