MARKET ANALYSIS: TSX Drifts Lower As Turkey’s Financial Turmoil Derails Global Markets

MARKET ANALYSIS: TSX Drifts Lower As Turkey's Financial Turmoil Derails Global Markets
MARKET ANALYSIS: TSX Drifts Lower As Turkey’s Financial Turmoil Derails Global Markets
Fri, 10th Aug 2018 23:33OTTAWA (Alliance News) – The Canadian stock market ended lower on Friday, tracking losses in global markets amid rising concerns about outlook for the global economy due to ongoing US-China trade war and US’s sanctions against Turkey, Iran and Russia. Data from Statistics Canada that showed stronger than expected job growth in July failed to lift sentiment, which was quite bearish due to worries about trade war and the turmoil in Turkey’s banking sector. Turkey’s currency…
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MARKET ANALYSIS: TSX Drifts Lower As Turkey’s Financial Turmoil Derails Global Markets