CANADA STOCKS-TSX volatile as crude whips energy stocks

Wed Sep 2, 2015 12:20pm EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds analyst comment, details, market reactions)

* TSX down 46.43 points, or 0.34 percent at 13,435.47

* Six of the TSX's 10 main groups were up

By Solarina Ho

TORONTO, Sept 2 (Reuters) - Canada's main stock index seesawed on Wednesday in extremely choppy trading as energy stocks beset by volatile crude oil prices capped gains in other sectors.

The index gyrated between positive and negative territory throughout the morning after initially rallying more than 1 percent on China's latest effort to soothe investors' anxiety. Markets are concerned about the country's slowing growth and what that means for the global economy.

"Volatility continues to rule the day, both to the upside and the downside," said Craig Fehr, Canadian market strategist at Edward Jones in St. Louis. " ... It partly reflects markets trying to digest what the bigger trend is in China."

"On-the-fly" policy reactions out of Beijing are contributing to the dramatic daily swings, Fehr added.

The focus on China, the fluctuation in commodity prices and uncertainty around the U.S. Federal Reserve's decision on interest rates will keep markets on edge, he said.   Continued...