China Economic Growth and Biggest Loser

biggest loser: The metals and mining sector was the biggest loser on the TSX, falling 2.25 per cent after a report from China said imports dropped 12 per cent in March compared with a year earlier, while exports declined 15 per cent, according to The Toronto Star. With China economic growth in the first three months of the year scheduled to be reported on Wednesday, the latest data added to concern for the outlook of Canada second-largest trading partner. The S&P/TSX composite index pulled back 4.84 points to close at 15,383.59, while the Canadian dollar was at 79.42 cents after losing 0.07 of a U.S. cent. New York markets were mixed as investors braced for bad news on the earnings front as a result of the stronger U.S. dollar and low oil prices. The Dow Jones industrial average was down 80.61 points at 17,977.04, while the Nasdaq fell 7.73 points to 4,988.25. Overall, analysts have forecast that U.S. companies will report earnings that are three per cent lower than a year ago. (news.financializer.com). As reported in the news.