UPDATE 3-Toronto stock index falls on resources, BCE climbs
July 5th, 2008 | by admin |(Adds details)
*TSX falls as resource shares drop with commodities
*BCE soars after it finalizes funding at C$42.75 a share
*With U.S. markets closed, thin volumes lead to volatility
By Cameron French
TORONTO, July 4 (Reuters) - The Toronto Stock Exchange’smain index retreated on Friday as softer commodity pricespulled down energy and materials issues, while telecoms giantBCE (BCE.TO: Quote, Profile, Research, Stock Buzz) provided an upward push.
With U.S. markets closed, many Toronto traders startedtheir weekend early, leading to thin volumes that accentuatedthe market’s volatility, analysts said.
“America is closed. Whenever that happens, nothing much isgoing to happen in Canada,” said Douglas Davis, president atDavis-Rea in Toronto.
The S&P/TSX composite index .GSPTSE fell 133.18 points,or 0.94 percent, to close at 14,010.39.
