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Canadian stocks closed sharply lower on Thursday as fading hopes of a series of rate cuts by the Federal Reserve this year, and weak commodity prices rendered the mood bearish.
The Canadian market ended modestly higher on Monday, lifted by gains in technology, energy and materials shares. The mood remained cautious with investors awaiting the Federal Reserve's monetary policy announcement, and the data on U.
The Canadian market is down firmly in negative territory Monday afternoon with energy stocks reeling under sustained selling pressure on weak oil prices. A few stocks from healthcare and industrials sectors are also sharply lower.
Paramount Resources Ltd. (TSE:POU – Get Free Report) Senior Officer Garth W.J. Stotts sold 12,000 shares of the company’s stock in a transaction on Monday, May 27th. The shares were sold at an average price of C$32.10, for a total transaction of C$385,233.60. Paramount Resources Trading Down 1.6 % TSE:POU opened at C$32.09 on Thursday. […]
Paramount Resources Ltd. (TSE:POU – Get Free Report) has been given a consensus rating of “Moderate Buy” by the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target […]