Canadian Shares Fall With Global Markets on China Trade Stance

(Bloomberg) -- Canadian stocks fell after a three-day win streak as U.S. equities also traded lower on China signaling a tougher stance in its trade war.

The S&P/TSX Composite Index fell 0.3% to 16,404 Friday morning in Toronto. Seven of the 11 industry groups fell, with materials and financials shares declining most. Industrials was the best-performing sector. Meanwhile, the loonie was weaker against the U.S. currency and most of its Group-of-10 peers Friday, despite increases in crude oil prices, as a risk-off tone dominated

In other moves:

Stocks

Ratings

• ITP CN: Intertape Polymer Rated New Neutral at CIBC; PT C$20
• TRZ CN: Transat AT Downgraded to Hold at Desjardins; PT C$13
• WJA CN: WestJet Airlines Cut to Sector Perform at Scotiabank; PT C$31

Commodities

• Western Canada Select crude oil traded at a $13 discount to WTI
• Gold spot prices fell 0.6% to 1,279.70 an ounce

FX/Bonds

• The Canadian dollar fell 0.3% to C$1.3499 per U.S. dollar
• The Canada 10-year government bond yield retreated to 1.668%

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