TSX Opens Lower as Energy Stocks Slide

Canadas main stock index opened lower on Tuesday as sliding oil prices weighed on energy shares. Meanwhile, new data showed domestic economic growth stalled in July.

Insights:
A screen shows stock information as Canada's main stock index, the Toronto Stock Exchange's S&P/TSX composite index, rose to a record high in late morning trade in Toronto, Ontario, Canada January 7, 2021. REUTERS/Carlos Osorio

Canada's main stock index fell 0.33% to 33,366.83 points during Tuesday morning trade. The decline was driven by sliding energy stocks as crude oil prices dropped. Domestic economic growth stalled in July, according to official data.

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.