Tradelines News

Get the latest news and updates on cross-border customs and international trade.

North American Markets Weak on U.S. Economic Figures

Posted April 29, 2015

Under Economic Issues, International Trade Issues

(David Friend – Canadian Press)

North American stock markets were weak as traders reacted to signs Wednesday that growth in the American economy has hit a few setbacks.

The S&P/TSX composite index posted a tiny 1.27-point gain to 15,347.34, with energy and gold issues propping up a broader decline.

The Canadian dollar was up 0.04 of a U.S. cent at 83.17 cents.

Most of the attention was focused on the U.S. economy after the Commerce Department reported that U.S. gross domestic product gave its poorest showing in a year. Annual growth came in at a rate of just 0.2 per cent in the first quarter, which was well below the expectations of economists. Click here to read more.