CANADA STOCKS-TSX slides as Feb GDP stays flat due to teachers strike, COVID-19 [Reuters]
Crescent Point Energy Corporation Ordinary Shares (Canada) (CPG)
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Source: Reuters
CANADA STOCKS-TSX slides as Feb GDP stays flat due to teachers strike, COVID-19 April 30 (Reuters) - Canada’s main stock index fell on Thursday as the country’s economic growth stagnated in February due a teacher’s strike and the coronavirus pandemic. The latest GDP data released suggests that a teacher’s strike in Ontario and disruption in transportation and warehousing due to the pandemic stagnated the country’s economy in February. * Breaking a four-day rally, the Toronto Stock Exchange’s S&P/TSX composite index was down 185.46 points, or 1.22%, at 15,042.65 by 09:57 a.m. ET (13:57 GMT). * Wall Street indexes, meanwhile, fell as weekly jobless claims in the United States continued to climb. * The energy sector traded flat. U.S. crude prices were up 15.1% a barrel, while Brent crude added 13%. * The financials sector slipped 1.7%, while the industrials sector fell 1.1%. * On the TSX, 46 issues gained, while 181 issues declined for a 3.93-to-1 ratio to the downside, with 58.37 millio
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