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Published: Wednesday 14 August, 2013

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Canadas benchmark stock index was sharply lower today on widespread weaknesses in commodity prices.

The S composite index shed 150 points to 11,394 early in the session. Almost all types of stocks were lower, with the energy index off 1.6 per cent, and metals and mining firms down 2.8 per cent leading the downward slide.

Gold was down $18.80, with an ounce trading for $1,556.90. Oil lost $1.46 to trade at $84.35 a barrel in New York. and China will undermine oil demand.

Loonie loses groundThe Canadian dollar lost 0.36 of a cent to trade at 97.69 cents US. dont warrant another round of stimulus. That came on the heels of data out of China that showed growth in the worlds secondlargest economy was undeniably slowing.

Chinas economy grew at a 7.3 per cent annual pace in the past three months, down from 8.1 per cent the three previous months.

The general sense of gloom designer handbags wholesale was enough to cause designer handbags wholesale investors to designer handbags wholesale largely ignore a brief bit of positive news on the jobs front. Labour Department said initial jobless claims dropped to 376,500 last week, better than expected and down to the lowest level since March 2008.

Given slowing growth we cant see payrolls improving too much, BMO economist Jennifer Lee noted. exchanges put in a similar poor showing, with the Dow Jones Industrial Average off 82 points to 12,521 and the techladen Nasdaq 43 points lower to 2,844.

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