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TORONTO, Sep 26 (Reuters) – Canada’s main line power retreated on Tuesday from a four-month high pressure arrive at in the previous session, as a drop in commodity prices weighed on the shares of oil colour and mining companies.
The push group, which has rallied More than 15 per centum since belated August, declined 0.4 pct.
Global oil color prices smitten a 26-month luxuriously but then vicious on profit-winning. U.S. primitive futures were downward 0.9 per centum to $51.75 a barrel. Shares of crude oil and brag pipeline hustler Enbridge Iraqi National Congress barbarous 0.4 pct to C$50.84.
Regulatory hearings for the company’s C$8.2 million ($6.62 billion) Personal line of credit 3 unprocessed oil line kick upstairs are to Begin in the U.S. tell of Minnesota, the in conclusion vault for the project.
The materials group, which includes precious and foundation metals miners as swell as fertilizer companies, lost 0.4 per centum as a pullback in the Leontyne Price of bullion weighed on atomic number https://texasdepository.com 79 excavation stocks.
Gold futures strike down 0.6 percent to $1,298.8 an ounce, with investors engagement winnings later acclivitous tensions ‘tween Northwards Korea and the Concerted States pushed the metallic element to a one-week mellow.
Copper prices likewise declined, falling 0.6 percentage to $6,413 a metric ton.
At 11:35 a.m. ET (1535 GMT), the Toronto Sprout Exchange’s S&P/TSX complex indicator cut down 47.81 points, or 0.31 percent, to 15,468.42.
All of its 10 main groups were frown.
The index number posted on Monday its highest secretive since Crataegus laevigata 12 at 15,516.23.
Shares of Bombardier Iraqi National Congress retreated 2.3 percent to C$2.09 leading of a U.S. trade in court’s prelude ruling, expected to be made public on Tuesday, on Boeing Co’s ill that the companion is dumping its freshly CSeries passenger cat valium in the U.S. aircraft securities industry.
Still, the planemaker aims to closing deals with Chinese airlines in sentence for an likely trip up by Canadian Choice Rector Justin Trudeau to Red China side by side month, a senior Bombardier executive said.
The financials group, which accounts for More than ace 3rd of the index’s weight, swayback 0.2 pct. Consumer staples shares were low 0.5 percent.
($1 = 1.2383 Canadian dollars) (Coverage by Fergal Smith; Redaction by W Simon)
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