The Canadian stock market dropped yesterday. The energy sector led declines amid disappointing data that showed the U.S. unemployment rate at its highest point since 1983 (see below for additional details). August crude oil contracts on the New York Mercantile Exchange fell US$2.58 to $66.73 a barrel - its lowest level in a [...]

On Tuesday, Canada’s main stock index ended the 2nd quarter with a sharp quarterly gain but with a lower daily close as the weighty financial sector tumbled on concerns about the prospects for a global economic recovery. The TSX index’s financial sector, which accounts for about 33% of the index, fell 2% as data [...]