Drops in bank stocks and the health care sector kept the TSX below the flatline today.
With Wall Street closed for the American Thanksgiving weekend, the focus switched to Canada’s stock exchange.
Five of the index’s 11 sectors sunk into negative territory as the TSX edged three points lower.
Limiting the losses were rises in the energy, materials, and tech sectors.
Canadian energy stocks rose despite oil slipping, as demand weakens on a reported 4.9 million-barrel jump in U.S. crude stocks.
The price of oil fell 78 cents to $53.85 US a barrel.
Health care was off by 1.4 percent as Canada’s heavily traded cannabis stocks wobbled. Aurora’s stock dropped three percent while Aphria and Canopy Growth both edged into the red.
Marijuana stocks were impacted on news of…
MJShareholders.com is the largest dedicated financial network and leading corporate communications firm serving the legal cannabis industry. Our network aims to connect public marijuana companies with these focused cannabis audiences across the US and Canada that are critical for growth: Short and long term cannabis investors Active funding sources Mainstream media Business leaders Cannabis consumers