S&P/TSX composite eeks out barest of gains on day but down for the quarter
Global News
The S&P/TSX composite index closed up 2.38 points at 18,444.22, marking a second negative quarter in a row.
A volatile trading day capped the quarter as an early rally evaporated to leave the S&P/TSX composite index with the barest of gains while U.S. markets swung deep into the red.
The S&P/TSX composite index closed up 2.38 points at 18,444.22, marking a second negative quarter in a row.
In New York, the Dow Jones industrial average closed down 500.10 points, or 1.7 per cent, at 28,725.51. The S&P 500 index was down 54.85 points, or 1.5 per cent, at 3,585.62, while the Nasdaq composite was down 161.89 points, or 1.5 per cent, at 10,575.62.
The Canadian dollar was trading for 72.45 cents US, according to XE.com, compared with 72.96 cents US on Thursday.
The November crude contract closed down US$1.74 at US$79.49 per barrel and the November natural gas contract was down nearly 11 cents at US$6.77 per mmBTU.
The December gold contract was up US$3.40 at US$1,672.00 an ounce and the December copper contract was down a penny at US$3.41 a pound.
The move by the United States Postal Service comes after some 55,000 Canada Post workers walked off the job more than two weeks ago.
The Canadian economy underperformed the Bank of Canada's call for 1.5 per cent annualized growth in the third quarter, and per-capita GDP fell for a sixth consecutive quarter.