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Canadian stock market falls due to lower IMF forecast for economic growth
Last Updated: 2018-10-10 13:20 | Xinhua
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Canada's main stock market lost ground broadly Tuesday after the IMF cut its global economic growth forecasts for 2018 and 2019 and emerging markets are struggling with tighter liquidity and capital outflows due to trade frictions.

The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index lost 92.12 points, or 0.58 percent, to end the day at 15,854.05 points.

The Canadian dollar edged up 0.04 cents to 0.7722 U.S. dollar.

On the market, 76 issues rose and 165 fell. There were three new highs and 29 new lows, with a total volume of 227.5 million shares traded.

The energy group fell 0.88 points, or 0.46 percent, while the financials sector dropped 1.25 points, or 0.41 percent.

The tech group saw the worst beating Tuesday as Shopify Inc. plunged 7.29 Canadian dollars, or 3.9 percent, to 181.75 Canadian dollars while Constellation Software slumped 10.81 Canadian dollars, or 1.2 percent, to 919.21 Canadian dollars.

Among the material sector, Agnico Eagle Mines declined 1.70 Canadian dollars, or 3.7 percent, to 43.75 Canadian dollars, while First Quantum Minerals fell 13 cents to 14.47 Canadian dollars.

The gold group was also down, with Barrick Gold down 15 cents, or one percent, to 14.68 Canadian dollars, while Kinross Gold lost three cents, or one percent, to 3.54 Canadian dollars.

The health-care stocks rose, with Canopy Growth up 1.63, or 2.7 percent, to 63.12 Canadian dollars.

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