(MENAFN- ProactiveInvestors) Canadian shares fell ending a three-day advance as a slump among financial shares offset a rally among commodity producers.
The benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) was down 0.1 percent at 15106.83 at 12:39 p.m. in Toronto. Seven out of 10 main share groups were in the negative territory.
Financials the index's most heavily weighted sector slipped 0.3 percent. () which has the heaviest weighting in the index fell 0.5 percent to C$79.66. Toronto-Dominion Bank (TSE:TD) the second-largest bank by market value skidded 0.2 percent to C$56.01.
The energy sector the main index's second most heavily weighted group rose 1 percent as oil prices pared gains slightly then rebounded. Energy (TSE:SU) Canada's largest oil sands producer rose 0.8 percent to C$36.43. Limited () Canada’s second-largest energy producer gained 0.7 percent to C$37.99.
Light sweet crude for July delivery recently traded up 1.4 percent at $58.82 a barrel on the New York Mercantile Exchange. Brent the global benchmark rose 91 1.4 percent to $64.93 a barrel on ICE Futures Europe.
The materials sub-index which includes mining shares rose 0.3 percent as gold edged higher today.
(TSE:G) Canada’s largest gold miner by market value fell 0.3 percent to C$22.69. (TSE:ABX) the second-largest inched up 0.2 percent to C$15.29.
() the Canadian gold producer with assets in Latin America Africa and Asia rose 4.4 percent to C$2.13 after securing a new revolving credit facility and boosting its gold production.
Spot gold was up 0.3 percent at $1211 an ounce while U.S. gold futures for June delivery were $4.10 higher at $1210.
Canada () the embattled department-store chain rose 1.5 percent to $10.67. The company said revenue fell 9.7 percent and same-store sales fell 4.3 percent but it posted a smaller loss than a year earlier.
() edged up 0.8 percent to $2.50 after saying it presented new preclinical data on PBI-4050 its orally active anti-fibrotic drug candidate in phase II clinical trials for the treatment of idiopathic pulmonary fibrosis.
The junior () was little changed at 695.09 at 12:25 p.m.
In economic news Statistics Canada said today that the value of Canadian wholesale trade in March rebounded after two consecutive declines rising 0.8 percent from February to C$53.94 billion.
In the U.S. market shares were little changed today. The S&P 500 (INDEXSP:.INX) skidded 0.2 percent to 2124 at 11:50 a.m. in New York. The 30-company Dow Jones Industrial Average (INDEXDJX:.DJI) dropped 0.2 percent to 18283 while the tech-heavy Nasdaq Composite (INDEXNASDAQ:.IXIC) fell 0.1 percent to 5063. Most followed shares included Lowe’s Target Pep Boys Manny Moe Etsy Computer Sciences and Group.
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