Toronto Stock Exchange and Energy Sector

Statistics Canada: Overall, it was a losing week on the Toronto Stock Exchange, which gave back a net 186 points, according to The Toronto Star. The loonie lost 0.01 of a U.S. cent to 80.41 cents. The S&P/TSX composite index finished the last trading day of May down 92.91 points at 15,014.09, with the energy sector one of the few bright spots as oil prices turned sharply higher. New York markets also finished the week lower than where they began, as the Dow Jones industrial average closed down 115.44 points at 18,010.68, while the Nasdaq fell 27.95 points to 5,070.03 and the S&P 500 declined 13.40 points to 2,107.39. It is the first time real GDP has dipped below zero since the fourth quarter of 2011 and the biggest slide into negative growth since the second quarter of 2009. Statistics Canada says the economy contracted at an annual pace of 0.6 per cent in the first three months of the year as weaker oil prices had a more severe impact than economists expected. (news.financializer.com). As reported in the news.