By Reuters Staff
(Updates prices, adds details and sectors)
April 30 (Reuters) - Canada’s main stock index fell on Friday after oil prices slipped on demand concerns, while investors showed scant reaction to data that signalled the country’s economy likely grew in March by 0.9% on-month.
Pulling risk appetite lower was the drop in oil prices amid profit-taking as concerns of wider lockdowns in India and Brazil to curb the COVID-19 pandemic offset a bullish outlook on summer fuel demand and the economic recovery.
The Canadian economy grew by 0.4% in February as retail trade rebounded after lockdown measures were eased across parts of the country, Statistics Canada said. A flash estimate showed GDP jumping 0.9% in March.
CANADA STOCKS-TSX slips as oil prices retreat from six-week highs
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CANADA STOCKS-TSX slips as oil prices retreat from six-week highs
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