TORONTO (Reuters) - The main Canadian equity index fell sharply on Wednesday morning as gold-mining and energy shares followed gold and oil prices lower as investors fretted about renewed tension in the euro zone.
Barrick Gold Corp (ABX.TO:
Quote), the world's biggest producer of the precious metal, fell 1.3 percent to C$39.74 as bullion slipped to an almost two-week low.
Suncor Energy (SU.TO:
Quote), Canada's No. 1 integrated oil producer and refiner, was down 1.2 percent at C$31.86. Crude prices fell more than 1 percent, wiping out gains made earlier this month that were spurred by stimulus measures taken by the U.S. Federal Reserve and the European Central Bank.
Market anxiety heightened after Greek police fired teargas at youths hurling petrol bombs and stones as tens of thousands took to the streets in Athens in Greece's biggest anti-austerity demonstration in months.
The demonstration followed violent protests in Spain and reignited worries that the euro zone debt crisis is deepening despite efforts by central banks to reflate economies.
"Markets have a very tough time dealing with uncertainty, and in a word, that is what's dominated this marketplace, the uncertainty of the outlook ahead," said Peter Chandler, a senior vice-president at Canaccord Wealth Management based in Waterloo, Ontario.
Volume Leaders
Symbol | Name | Last Trade | Change | Volume | Related Info |
VT.TO | VITERRA INC. | 16.08 1:14PM EDT | 0.01(0.06%) | 6,605,926 | Chart, Profile, More |
BTO.TO | B2GOLD CORP. | 3.96 1:38PM EDT | 0.12(3.13%) | 4,020,560 | Chart, Profile, More |
TXG.TO | TOREX GOLD RESOURCES INC | 2.01 1:37PM EDT | 0.02(1.01%) | 3,943,813 | Chart, Profile, More |
SUE.TO | SULLIDEN GOLD CORPORATION LTD | 1.14 1:33PM EDT | 0.08 (6.56%) | 3,478,966 | Chart, Profile, More |
BBD-B.TO | BOMBARDIER INC., CL. B, SV | 3.62 1:38PM EDT | 0.02 (0.55%) | 3,209,295 | Chart, Profile, More |
RIM.TO | RESEARCH IN MOTION LIMITED | 6.90 1:38PM EDT | 0.40(6.15%) | 2,987,175 | Chart, Profile, More |
ELD.TO | ELDORADO GOLD | 14.46 1:38PM EDT | 0.02(0.14%) | 2,912,983 | Chart, Profile, More |
ABX.TO | BARRICK GOLD CORPORATION | 40.46 1:37PM EDT | 0.19(0.47%) | 2,420,824 | Chart, Profile, More |
MFC.TO | MANULIFE FIN | 11.78 1:37PM EDT | 0.01 (0.08%) | 2,254,812 | Chart, Profile, More |
K.TO | KINROSS GOLD CORP. | 9.74 1:37PM EDT | 0.20(2.10%) | 2,156,398 | Chart, More |
YRI.TO | YAMANA GOLD INC | 18.36 1:37PM EDT | 0.13(0.71%) | 2,054,373 | Chart, Profile, More |
PTQ.TO | PETAQUILLA MINERALS LTD. | 0.57 1:14PM EDT | 0.02 (3.39%) | 1,995,018 | Chart, Profile, More |
PXX.TO | BLACKPEARL RESOURCES INC. | 3.35 1:38PM EDT | 0.13 (3.74%) | 1,979,841 | Chart, Profile, More |
ORT.TO | ORBITE ALUMINAE INC | 2.93 1:34PM EDT | 0.13 (4.25%) | 1,969,311 | Chart, More |
TCK-B.TO | Teck Resources Limited | 29.47 1:38PM EDT | 0.53(1.83%) | 1,895,232 | Chart, Profile, More |
SU.TO | SUNCOR ENERGY INC. | 32.10 1:37PM EDT | 0.13 (0.40%) | 1,730,876 | Chart, Profile, More |
LUN.TO | LUNDIN MINING CORP. | 4.87 1:38PM EDT | 0.09 (1.81%) | 1,716,065 | Chart, Profile, More |
G.TO | GOLDCORP INC | 44.48 1:37PM EDT | 0.60(1.37%) | 1,610,192 | Chart, Profile, More |
CNQ.TO | CDN NATURAL RES | 30.86 1:37PM EDT | 0.08 (0.26%) | 1,473,774 | Chart, Profile, More |
SLW.TO | SILVER WHEATON CORP. | 37.27 1:37PM EDT | 0.06 (0.16%) | 1,454,474 | Chart, Profile, More |
CCO.TO | CAMECO CORP | 19.52 1:38PM EDT | 0.72 (3.56%) | 1,434,353 | Chart, Profile, More |
CHM.TO | CHAMPION IRON MINES LTD. | 0.66 1:19PM EDT | 0.00(0.00%) | 1,405,560 | Chart, More |
CGA.TO | CGA MINING LIMITED | 2.86 1:38PM EDT | 0.11(4.00%) | 1,388,258 | Chart, Profile, More |
BNS.TO | BANK OF NOVA SCOTIA | 54.05 1:37PM EDT | 0.17 (0.31%) | 1,299,869 | Chart, Profile, More |
PD.TO | PRECISION DRILLING CORPORATION | 7.87 1:38PM EDT | 0.23 (2.84%) | 1,287,082 | Chart, Profile, More |