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Jan. 15, 2021, 4:46 p.m. EST

TSX Closes out Losing Week on Downward Note

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Jan 15, 2021 (Baystreet.ca via COMTEX) --

Stocks in Toronto trudged toward the finish of the second week of calendar 2021, burdened by losses in the energy and gold sector.

The TSX remained behind 49.06 points to close Friday and the week to 17,909.64. On the week, the loss amounted to 133 points, or 0.7%.

The Canadian dollar let go of 0.56 cents at 78.51 cents U.S.

Energy rested heaviest on the exchange, with PrairieSky Royalties losing 58 cents, or 5.1%, to $10.90 and MEG Energy off 26 cents, or 5.3%, to $4.64.

Gold took a licking, too, as Eldorado Gold lost 82 cents, or 5.4%, to $14.36, while Teranga Gold sifted off 58 cents, or 4.4%, to $12.56.

Among other resources, Osisko Mining deducted 22 cents, or 6.3%, to $3.25, while Fortuna Silver Mines dipped 79 cents, or 7.6%, to $9.63.

Consumer staples tried to even things out, with Alimentation Couche-Tard darting $1.80 ahead, or 5%, to $38.09, while Empire Company added 81 cents, or 2.3%, to $36.01.

In communications, Cogeco Communications leaped $5.55, or 4.8%, to $101.55, while BCE traveled 90 cents, or 1.6%, higher to $55.85.

Utilities also gave strong showing, with Canadian Utilities taking on 69 cents, or 2.2%, to $32.18, while Brookfield Infrastructure Partners popped $2.06, or 3.1%, to $68.21.

On the economic beat, the Canadian Real Estate Association reported national home sales rose 7.2% on a month-over-month basis in December.

ON BAYSTREET

The TSX Venture Exchange dipped 6.36 points to 907.99.

The 12 subgroups were evenly divided, with consumer staples up 2.2%, communications improving 1.2%, and utilities clicking 1% higher.

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