TSX dragged down by bank results

Disappointing results from CIBC and TD Bank weighed on the financial sector

Canada’s main stock index fell as disappointing results from CIBC and TD Bank weighed on the financial sector.

The S&P/TSX composite index closed down 75.29 points to 15,999.01.

In New York, the Dow Jones industrial average was down 69.16 points at 25,916.00. The S&P 500 index was down 7.89 points at 2,784.49, while the Nasdaq composite was down 21.98 points at 7,532.53.

The Canadian dollar traded at an average of US75.94¢ compared with an average of US76.07¢ on Wednesday.

The April crude contract was up US28¢ at US$57.22 per barrel and the April natural gas contract was up US1.3¢ at US$2.81 per mmBTU.

The April gold contract was down US$5.10 at US$1,316.10 an ounce and the May copper contract was down US1.45¢ at US$2.95 a pound.