Canadian stocks further down on Brexit

Canadian stocks further down on Brexit

Toronto, June 28 (IANS) Canada’s main stock market in Toronto fell further down to a five-week low as losses for resources and financials stocks lingered following Brexit vote in Britain.

The Toronto Stock Exchange’s benchmark Standard & Poor’s/TSX Composite Index lost 202.09 point, or 1.45 per cent, to close at 13, 689.79 points on Monday. Six of the TSX index’s eight main sub-sectors were lower, Xinhua news agency reported.

The Canadian dollar traded lower largely due to a combination of weaker stocks, lower oil prices and a stronger greenback.

The loonie closed lower at $0.7649, compared with Friday’s closing rate of $0.7693.

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