Market Faces Ups and Downs

Summary


The Toronto stock market finished lower Thursday as mining stocks provided lift but financial stocks dragged after CIBC (TSX:CM) and National Bank (TSX:NA) handed in their quarterly earnings reports while stronger-than-expected economic data sent the Canadian dollar higher to a new 30-year high.

"The composition of output remains favourable for growth to likely rebound to three per cent in Q2," said RBC economist Paul Ferley. "Not only was growth in consumption and investment revised higher but inventories were revised lower."

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Market Faces Ups and Downs

What the brokers say

TORONTO -- The Toronto stock market finished lower Thursday as min...

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