Canada's main stock index fell on Friday and was set for weekly losses, weighed down by energy and financial shares as turmoil in the European banking sector soured the mood.
"Markets continue to wrestle with this flare-up in uncertainty within the banking industry," said Craig Basinger, chief market strategist at Purpose Investments.
"On a day-to-day basis, it looks worse today, with what's going on in Deutsche Bank and the European banks."slumped 1.5% on weak crude oil demand prospects after the U.S. energy secretary said refilling the country's Strategic Petroleum Reserve could take several years. The TSX is set for its third straight week of losses in March as hopes of calm returning to global financial markets earlier in the week were shattered following a loss of confidence in European lenders.Among company news, Enbridge Inc
slid 0.2% after the U.S. Army Corps of Engineers extended the federal permitting process for the oil distributor's proposed Great Lakes Tunnel.fell 2.1% after Alberta's energy regulator said the oil and gas producer had triggered a series of earthquakes in the province between November and March. Meanwhile, a Statistics Canada report showed retail sales rose by 1.4% in January from December, on higher sales at motor vehicles and parts dealers, as well as gasoline stations.Reporting by Johann M Cherian in Bengaluru; Editing by Pooja Desai
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Analysis: Fed pause before European peers to lift Treasuries, European stocksAs markets bet banking turmoil will prompt the Federal Reserve to pause rate hikes before Europe, U.S. bonds and European equities are tipped to win from the recent ructions.
Consulte Mais informação »
Sunshine Thursday, Friday; Severe Potential Friday Night - Alabama NewsTemperatures surge into the low and mid 80s Thursday afternoon and the sky remains mainly sunny. Thursday night remains mild with lows near 60°, while low clouds and fog likely develop again.
Consulte Mais informação »
European Union's AI Act, explainedIn development since 2021, the EU AI Act aims to bring order and governance to the use of artificial intelligence while turning the bloc into a competitive global player where AI flourishes. But it is not a perfect solution, some argue.
Consulte Mais informação »
Runners Put Pressure on European Athletics to Drop Shell as a SponsorDamian Hall and Jasmin Paris are among a number of runners to sign a letter asking the organisation to ‘discontinue any commercial relationship’ with the oil company
Consulte Mais informação »
European Commission Fights Against GreenwashingWith its Green Claims Directive proposal, the European Commission has taken a stance against greenwashing and misleading environmental claims.
Consulte Mais informação »
European markets set to open lower as investors weigh Fed's comments and rate hikeEuropean markets are heading for a negative open Thursday as investors digest the U.S. Federal Reserve's latest interest rate hike.
Consulte Mais informação »