.png)
A street sign along Bay Street in Toronto’s financial district is shown in Toronto on Tuesday, January 12, 2021. THE CANADIAN PRESS/Nathan Denette – The Canadian Press TORONTO — Canada’s main stock market fell Friday to end the week lower on a drop in oil prices and concerns about a temporary reduction in vaccine shipments from Pfizer. The S&P/TSX composite index closed down 49.06 points to 17,909.03, a slight decrease from the prior Friday but up 2.7 per cent so far in January. U.S. stock markets continued the slow decline started Thursday afternoon, ahead of president-elect Joe Biden’s speech unveiling his US$1.9-trillion stimulus package. "You would think that it would stimulate the market but it had the opposite impact," said Pierre Cleroux, chief economist for the Business Development Bank of Canada. "The market I guess thought that the amount is too large … and I guess investors are worried that we’re going to see tax increases in the future." In New York, the Dow Jones industrial average was down 177.26 points at 30,814.26. The S&P 500 index was down 27.29 points at 3,768.25, while the Nasdaq composite was down 114.14 points at 12,998.50. Cleroux said he’s surprised by the […]
CamTrader offers a preview only. View original article. www.toronto.com
