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Stock impact report

The close: Energy, marijuana stocks weigh on TSX as investors look ahead to Fed [Toronto Globe and Mail (Ontario, Canada)]

Vermilion Energy Inc. Common (Canada) (VET) 
Last vermilion energy inc. common (canada) earnings: 4/28 04:05 pm Check Earnings Report
The close: Energy, marijuana stocks weigh on TSX as investors look ahead to Fed Shares of energy companies pushed Canada’s main stock index lower on Monday, ahead of this week’s U.S. Federal Reserve meeting where investors widely expect an interest rate cut. The Fed is expected to lower borrowing costs this week for the first time since the depths of the financial crisis, by at least 25 basis points, to counter the impact of a protracted U.S.-China trade war. The Toronto Stock Exchange’s S&P/TSX composite index was unofficially down 38.87 points, or .24 per cent, at 16,492.17. Story continues below advertisement The energy sector dropped 1.8 per cent as shares of Vermilion Energy Inc. tumbled 7.3 per cent after reporting lower production in the second quarter. Husky Energy Inc. lost 4 per cent, while Cenovus Energy Inc. sat 3.7 per cent lower. Health care stocks finished down just over 1 per cent as marijuana producers weighed. CannTrust Holdings Inc. dipped 5 per cent, while Cronos G Show less Read more
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