13.05.2016 22:46:23

Bay Street Ends Week On Sour Note -- Canadian Commentary

(RTTNews) - Canadian stock were lower Friday, with weakness emerging in the oil sector due to a drop in oil prices.

The S&P/TSX Composite Index was down 39 points to 13,748.58, erasing gains from the previous sesssion.

Crude oil prices were near $46 after Russia warned the global oil market might not balance out until the first half of 2017.

Lowe's earned regulatory approval for its pending acquisistion of Rona (RON.TO), whose shares were up 0.6 percent.

Bombardier's (BBD.B.TO) bailout talks are hung up over federal proposal to end dual shares, the Globe and Mail reports.

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