Canadian stocks fell for the second day on Wednesday. The S&P/TSX Composite Index closed down 20.06 points, or 0.17 percent, at 11,696.63.
Eight out of 12 sectors on the Toronto Stock Exchange registered losses with the index measuring the telecommunication services sector losing 1.61 percent and the index measuring the energy sector declining 1.29 percent. The losses and gains of all the other sectors were less than one percent.
Rogers Communications Inc., Canada's largest wireless carrier, decreased 3.37 percent. Suncor Energy Inc., Canada's largest energy producer, reduced 1.34 percent.
Husky Energy Inc. dropped 3.75 percent after the company reported a reduced profit in the second quarter.
Teck Resources Ltd., Canada's largest base-metals company, lost 1.45 percent after reporting a big drop in its second-quarter profit.
Royal Bank of Canada, the country's biggest lender, added 0.94 percent.
Canadian Pacific Railway Ltd. gained 1.32 percent after reporting a 20 percent increase in revenue.
Durable-goods orders in the U.S. decreased one percent in June after falling 0.8 percent in May, the U.S. Commerce Department said on Wednesday. The U.S. is Canada's largest trade partner.
On the currency front, the Canadian dollar depreciated against its U.S. counterpart on Wednesday.
One U.S. dollar was buying 1.0382 Canadian dollars at 5 p.m. local time (2100 GMT) on Wednesday, compared with one U.S. dollar buying 1.0355 Canadian dollars on Tuesday.
Eight out of 12 sectors on the Toronto Stock Exchange registered losses with the index measuring the telecommunication services sector losing 1.61 percent and the index measuring the energy sector declining 1.29 percent. The losses and gains of all the other sectors were less than one percent.
Rogers Communications Inc., Canada's largest wireless carrier, decreased 3.37 percent. Suncor Energy Inc., Canada's largest energy producer, reduced 1.34 percent.
Husky Energy Inc. dropped 3.75 percent after the company reported a reduced profit in the second quarter.
Teck Resources Ltd., Canada's largest base-metals company, lost 1.45 percent after reporting a big drop in its second-quarter profit.
Royal Bank of Canada, the country's biggest lender, added 0.94 percent.
Canadian Pacific Railway Ltd. gained 1.32 percent after reporting a 20 percent increase in revenue.
Durable-goods orders in the U.S. decreased one percent in June after falling 0.8 percent in May, the U.S. Commerce Department said on Wednesday. The U.S. is Canada's largest trade partner.
On the currency front, the Canadian dollar depreciated against its U.S. counterpart on Wednesday.
One U.S. dollar was buying 1.0382 Canadian dollars at 5 p.m. local time (2100 GMT) on Wednesday, compared with one U.S. dollar buying 1.0355 Canadian dollars on Tuesday.
