Tag Archives: drops

TSX takes a hit as oil drops to three-month low, loonie retreats

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TORONTO – The Toronto stock market weakened Monday like a steep stop by oil prices and fallout in the resounding \”no\” vote within the Greek debt referendum pulled most major sectors lower. The S&P/TSX ended the session down 88.82 points to 14,593.57. Oil prices closed at their lowest level within three months using the August crude contract dropping $4.40 to ...

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IBM Corp drops after revenue declines for 13th straight quarter

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IBM fell after reporting second-quarter sales declines across all its major sections, missing analysts\’ estimates and marking the 13th straight duration of falling revenue. Profit excluding some items was $3.84 a share, International Business Machines Corp. said in a statement Monday, beating the $3.78 average projection from analysts as reduced administrative and research costs offset declines in the services and ...

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Loonie drops to lowest point in more than a decade as oil and gold buckle under pressure

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TORONTO – The Toronto stock market suffered another session of declines on Wednesday as oil settled below $50 the very first time in several months and also the loonie tumbled to its minimum in more than the usual decade. The S&P/TSX composite index lost 69.12 suggests end at 14,307.12, dragged down by both energy and resource sectors. Meanwhile, the Canadian ...

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