31.12.2015 14:50:25

A Year To Forget For Canadian Stocks -- Canadian Commentary

(RTTNews) - Toronto stocks may struggle to end a rough year on a high note Thursday, as the collapse in oil prices has raised fears about the Canadian economy.

Crude oil's 35 percent tumble has weighed heavily on the Canadian stock market, as the Standard & Poor's/TSX Composite Index has plunged 11 percent since the beginning of the year. However, CIBC is forecasting the S&P/TSX composite index to gain five percent in 2016.

On Wednesday, the S&P/TSX Composite Index dropped 103.46 points, or 0.78 percent, to 13,142.29, edging back toward its lowest in two years.

WTI light, sweet crude oil for February was down 36 cents at $36.25 a barrel, edging back near its lowest since 2009.

Telus Corp. (T.TO) will pay over $7-million in customer rebates for misleading ads.

Bombardier Commercial Aircraft (BBD_B.TO, BBD_A.TO) announced that China Express Airlines has placed a firm order for 10 CRJ900 regional jets. The order is valued at approximately $462.6 million.

An Air Canada (AC.A.TO) passenger plane was forced to make an emergency landing near Calgary after encountering severe turbulence causing injuries to 21 people on board.

Eintrag hinzufügen
Hinweis: Sie möchten dieses Wertpapier günstig handeln? Sparen Sie sich unnötige Gebühren! Bei finanzen.net Brokerage handeln Sie Ihre Wertpapiere für nur 5 Euro Orderprovision* pro Trade? Hier informieren!
Es ist ein Fehler aufgetreten!