composite index: The S P/TSX composite index dropped 27.55 points to 15,187.71 as data showed that service industries in the worlds second-biggest economy grew at the slowest rate since November 2005. The index of China service businesses activity based on a survey of 400 companies fell to 50.0 in July from 53.1 in the previous month, according to The Toronto Star, Canada. Losses were more severe in New York where a selloff that began last week resumed Tuesday despite readings on the U.S. non-manufacturing sector and factory orders that beat forecasts but failed to encourage buyers and The Toronto stock market registered a minor loss Tuesday as resource stocks lost ground amid data showing the effect of a slowdown in Chinas property market. The Canadian dollar was down 0.28 of a cent to 91.24 cents U.S. .
(news.financializer.com). As
reported in the news.
Tagged under , topics.