October 12, 2019

Financials weigh on Toronto market after disappointing results from CIBC and TD

By admin

The Canadian Press Index and currency in this story: (TSX:GSPTSE, TSX:CADUSD=X) TORONTO — Canada’s main stock index fell in late-morning trading as disappointing results from CIBC and TD Bank weighed on the financial sector.The S&P/TSX composite index was down 37.32 points at 16,036.98.In New York, the Dow Jones industrial average was down 30.65 points at 25,954.51. The S&P 500 index was down 5.14 points at 2,787.24, while the Nasdaq composite was down 17.78 points at 7,536.73.The Canadian dollar traded for 75.90 cents US compared with an average of 76.07 cents US on Wednesday.The April crude contract was up 12 cents at US$57.06 per barrel and the April natural gas contract was up 1.5 cents at US$2.81 per mmBTU.The April gold contract was down US$4.90 at US$1,316.30 an ounce and the May copper contract was down 0.15 of a cent at US$2.96 a pound.