Continued pressure from the heavyweight financial and energy sectors dragged Canada’s main stock index lower for a third consecutive session. Minor tech, mining and healthcare gains mitigated some losses for the TSX. Statistics Canada reported that retail sales decreased 0.8 per cent to C$66.1 billion in May. Sales were down in eight of nine subsectors, led by a drop among food and beverage retailers.
South of the border, the broad sell-off continued as the main indices also continued their downward trend that began earlier this week. This was exacerbated by the global technology outage that caused a big drop in CrowdStrike stock and a slight dip in Microsoft’s stock.
| TSX | 22,690.39 | -36.37 |  |
| TSXV | 580.08 | +1.24 |  |
| CSE | 167.42 | -4.27 | |
| DJIA | 40,287.53 | -377.49 | |
| NASDAQ | 17,726.94 | -144.28 | |
| S&P 500 | 5,503.50 | -41.09 | |
The Canadian dollar traded for 72.82 cents U.S. compared with 72.91 cents U.S. on Thursday.
U.S. crude futures traded $2.53 lower at $80.20 a barrel, and the Brent contract lost $2.35 to $82.76 a barrel.
The price of gold was down US$43.61 to US$2,398.22.
In world markets, the Nikkei was down 62.56 points to 40,063.79, the Hang Seng was down 360.73 points to 17,417.68, the FTSE was down 49.17 points to 8,155.72, and the DAX was down 189.17 points to 18,165.59.
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(Top image: File)
