Markets & Finance

Canada Shares Close Flat

Thanks to the afternoon surge in the U.S. indices the TSE 300 managed to close flat at 7946.3 (down 0.33 of a point). The bounce off 7864 may appear encouraging but the inability to close up, given the strong gains in the U.S. indices, is disappointing. Nine of the subindices closed up, lead by the Industrials and Gold stocks while Oil & Gas lead the other five indices lower (crude oil was up slightly but this sector has enjoyed a solid rally, in correction mode now).

In the U.K., the Financial Times 100 Index ended down 38.90, or 0.65%, to 5928.00 as U.K. April PMI fell to 47.8 from 49.8 in March. German and French exchanges were closed for May Day.

The major Asian equity markets were also closed for holiday observances.

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