News Formal

Bank earnings drag Toronto market to eight-week low

  • 📰 Reuters
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Canada's main stock market fell to its lowest closing level in nearly two months on Wednesday as two major banks reported quarterly earnings that missed analysts' estimates and U.S. debt deal uncertainty weighed on investor sentiment.

ended down 218.32 points, or 1.1%, at 19,927.69, its lowest close since March 29.

"The TSX is falling today in a broad-based rout, being dragged lower by the financial services sector after disappointing earnings from two major Canadian banks," said Brandon Michael, senior investment analyst at ABC Funds.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States United States Latest News, United States United States Headlines