Canadian stocks fell on Tuesday following weak consumer confidence reports from both sides of the border. The S&P TSX Composite Index closed down 29.38 points, or 0. 25 percent, at 11,716.69.
Seven out of 12 sectors on the Toronto Stock Exchange registered losses on Tuesday with the index measuring the materials sector losing 2.24 percent and the index measuring the information technology sector declining 1.96 percent. The index measuring the financials sector gained 1.62 percent. The gains and losses of all the other sectors were less than one percent.
Barrick Gold Corp., the world's largest bullion producer, dropped 3.90 percent. BlackBerry maker Research in Motion Ltd. tumbled 3.55 percent. Royal Bank of Canada, the country's largest lender, surged 1.81 percent.
Rogers Communications Inc. increased both profit and revenue in the second quarter. However, the company said on Tuesday that increased competition resulted in fewer net subscriber additions to its wireless services compared with last year and it didn't raise its guidance for the year. The stock fell 3.35 percent.
Talisman Energy Inc. reported a big jump in second-quarter net income. The stock gained 2.34 percent.
Seven out of 12 sectors on the Toronto Stock Exchange registered losses on Tuesday with the index measuring the materials sector losing 2.24 percent and the index measuring the information technology sector declining 1.96 percent. The index measuring the financials sector gained 1.62 percent. The gains and losses of all the other sectors were less than one percent.
Barrick Gold Corp., the world's largest bullion producer, dropped 3.90 percent. BlackBerry maker Research in Motion Ltd. tumbled 3.55 percent. Royal Bank of Canada, the country's largest lender, surged 1.81 percent.
Rogers Communications Inc. increased both profit and revenue in the second quarter. However, the company said on Tuesday that increased competition resulted in fewer net subscriber additions to its wireless services compared with last year and it didn't raise its guidance for the year. The stock fell 3.35 percent.
Talisman Energy Inc. reported a big jump in second-quarter net income. The stock gained 2.34 percent.
