Scotiabank weighs on TSX as Wall Street cruises to record high

The Canadian Press</span>
Published Tuesday, November 28, 2017 12:24AM EST
Last Updated Tuesday, November 28, 2017 4:39PM EST

TORONTO -- Financials weighed on Canada's largest stock index today, after shares of the Bank of Scotiabank fell amid news it's buying a Chilean bank.

The S&P/TSX composite index fell 12.48 points to 16,029.64. Scotiabank's stock (TSX:BNS) was down $1.75, or 2.10 per cent, to $81.73 at the closing of markets.

South of the border, financial companies and encouraging data saw Wall Street indices hit new record highs.

The Dow Jones industrial average soared 255.93 points to 23,836.71. The S&P 500 index was up 25.62 points to 2,627.04 and the Nasdaq composite index was up 33.84 points to 6,912.36.

The Canadian dollar was trading at average price of 78.08 cents US, down 0.44 of a U.S. cent.

In commodities, the January crude contract was down 12 cents to US$57.99 per barrel and the January natural gas contract was up 11 cents to US$3.13 per mmBTU.

The December gold contract was up 50 cents to US$1,294.90 an ounce and the March copper contract was down six cents to US$3.10 a pound.

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