By Commodity News Service Canada
June 27 – The TSX fell today, weighed down by tech sector declines of 2.4 per cent. The fall came in the wake of a sell-off in United States tech shares, which was sparked by recent high stock valuations and news that Google had been hit with a US$2.7 billion fine.
The S&P/TSX index closed down 34.80 points at 15,281.22 with seven of the index’s 10 main sectors ending the day lower.
Energy stocks countered the trend, rising .7 per cent, pushed higher by oil prices. Brent crude rose 82 cents to US$46.65 per barrel.
Read Also
Canadian Financial Close: Loonie drops, new record for TSX
Glacier FarmMedia | MarketsFarm – The Canadian dollar tumbled on Friday but still ended the week slightly higher than the last….
The Canadian dollar strengthened slightly against its US counterpart due to the bounce in oil prices.
The loonie closed at 75.83 cents U.S. or C$1.3188 per US$1, compared to Monday’s close of $75.54 cents U.S. or C$1.3238 per US$1.
The Royal Bank of Canada says it will repay C$21.8 million to clients it overcharged for investment fees and some mutual fund products. RBC reported the problem to the Ontario Securities Commission in 2015, after it found about 50,000 investors were incorrectly assessed fees. Under today’s settlement, the bank and investment dealers RBC Dominion Securities, Royal Mutual Funds Inc. and asset manager RBC Phillips, Hager & North Investment Counsel Inc. will pay C$21 million to reimburse clients, C$925,000 to the commission and C$50,000 to reimburse the commission for the cost of the investigation.
Attacks on financial and industrial sector computers took down servers at Ukrainian banks, Russian oil companies and at major international shipping and advertising firms. The ransomware attacks are expected to spread worldwide.
In New York, the Dow Jones Industrial average fell 98.89 points to 21,310.66, a decline of .46 per cent. The Nasdaq fell 100.5 points (1.61 per cent) to 6,146.62 and the S&P 500 fell 19.69 points (.81 per cent) to 2,419.38.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.10 at $ 23.15
Agrium Incorporated———-dn $ 1.36 at $121.41
Buhler Industries————– $ 0.00 at $ 4.22
Maple Leaf Foods————-dn $ 0.30 at $ 32.67
Potash Corp. of Sask———dn $ 0.34 at $ 21.67
(All figures are in Canadian dollars.)
