TSX starts 2018 as the fourth-worst performing global market [Business News Network (BNN) Energy & Resources (Canada)]
Pretium Resources, Inc. Ordinary Shares (Canada) (PVG)
Last pretium resources, inc. ordinary shares (canada) earnings: 4/30 07:35 pm
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Source: Business News Network
TSX starts 2018 as the fourth-worst performing global market The TSX Composite staggered badly out of the gate in 2018, falling nearly 1.6 per cent to post the fourth-worst performance to start the year among 93 global exchanges. The Canadian benchmark index is slotted between Oman’s exchange and London’s FTSE 100, as some of the usual suspects weighed on the TSX. Worst performing sectors: Energy: -5.46 per cent Telecom: -4.54 per cent Utilities: -4.53 per cent The TSX Energy index was the biggest drag on the market, extending its losses from 2017. Much like last year, general weakness in natural gas prices is to blame, as crude has held steady above the US$60 per barrel mark. A pair of rate-sensitive sectors round out the bottom three; telecoms and utilities both posted more than a four per cent decline. Those sectors typically come under selling pressure in a rising-rate environment as investors look to other options in the fixed-income market in their hunt for yield. Worst pe
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