Canada stocks fall after financials erase gain
Canadian stocks declined as financial shares erased an earlier gain and gold producers fell.
The Standard & Poor’s/TSX Composite Index slipped 14.69 points, or 0.1 percent, to 12,525.11 at 2:48 p.m. in Toronto, after rising as much as 0.5 percent earlier.
Royal Bank of Canada fell 0.9 percent to C$50.93, to lead financial stocks lower. The group had gained 1.1 percent earlier. Barrick Gold Corp., the world’s biggest producer of the metal, slumped 1.1 percent to C$49.23 as gold futures retreated a second day.
Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked.
If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.