Canadas main stock index down in broad decline loonie up

TORONTO — Canada’s main stock index is moderately lower in a broad-based decline that includes an Ontario cannabis producer.The S&P/TSX composite index was down 27.32 points at 16,535.97, with CannTrust Holdings Inc. continuing a string of declines since it disclosed some production was done in unlicensed growing rooms.In New York, the Dow Jones industrial average was up 134.13 points at 26,994.33. The S&P 500 index was up 1.76 points at 2,994.83, while the Nasdaq composite was down 1.98 points at 8,200.55.The Canadian dollar traded at 76.44 cents US, up compared with Wednesday’s average of 76.38 cents USThe August crude contract was unchanged at US$60.43 per barrel and the August natural gas contract was up 2.2 cents at US$2.47 per mmBTU.The August gold contract was down $1 at US$1,411.5 an ounce and the September copper contract was down 1.3 cents at US$2.68 a pound. Index and currency in this story: (TSX:GSPTSE, TSX:CADUSD)The Canadian Press read more

Its official – new car prices are still falling after two years

Today’s announcement from the Alliance and Leicester makes good reading for consumers as we approach the end of what many expect to be a record year for new car registrations.On average, the price paid by the consumer for their new cars in September was 3.1 per cent down on last year. However, that figure does not tell the full story. A&L’s own figures show that prices have fallen each month for more than two years, despite a host of new and innovative products being launched by the motor industry with higher specifications and longer warranties on many existing models.The biggest drop came in the small cars segment, down 14.7 per cent. Small cars currently feature in five of the top 10 places for the best selling cars January – September 2001, highlighting the fierce competition in this segment in the UK marketplace.Commenting on the figures, SMMT Chief Executive Christopher Macgowan said, ‘This indicates the motor industry’s commitment to supply excellent products with outstanding value. Since A&L started this monthly index, we have seen new cars become greener, safer, more recyclable and better specified than ever before. Certainly this year’s registration figures would indicate that consumers know they are on to a good thing with UK dealers’.Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window) read more