Canada’s main stock index ended in the red on Tuesday as investors fretted anew about prospects for global growth, pushing down oil and gas companies and other resource-based shares, but Blackberry maker Research In Motion Ltd (RIM.TO: Quote) jumped after it released solid subscriber numbers.
- The eight heaviest weights on the resource-rich Toronto index were all energy or mining companies. Banking stocks rose in morning trade, but they also retreated and closed lower.
The Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE ended down 56.36 points, or 0.46 percent, at 12,257.18. On Monday it dropped 70 points, and has now declined in each of the last four sessions.
The index’s fall came despite gains in copper and other base-metals prices as investors focused on signs that economic recovery is not assured despite the recent monetary policy easing undertaken by several major central banks.