Canadian Stocks Snap Win Streak, Crude Oil Plunges -- Canadian Commentary

(RTTNews) - Canadian stocks fell Tuesday, snapping a 4-day win streak amid struggling energy and banking companies.

Jitters crept back into the markets after three U.K. property funds halted redemptions, citing the need to raise cash before returning money to investors.

At last check, the S&P/TSX Composite Index was down 36 points, or 0.25 percent, to 14,222.

Energy stocks declined 1.4 percent on plunging crude oil prices.

Aug. WTI oil dropped $2.39, or 4.9 percent, to settle at $46.60/bbl, the biggest daily loss since February.

Gold stocks provided some support.

Aug. gold settled at $1,358.70/oz, up $19.70, or 1.5%, the highest since March 2014.

Sept. silver was up 31.9 cents, or 1.6%, to settle at $19.907/oz, the highest since August 2014.

Prime Minister Justin Trudeau's government doesn't expect to reach an aid deal with aircraft manufacturer Bombardier Inc. before the summer's over, Bloomberg reports.

BlackBerry Limited (BBRY, BB.TO) said that it will no longer manufacture its Classic smartphone model.

Jean Coutu Group (PJC.A.TO) reported earnings per share of C$0.27 in the first quarter. Revenues increased by 1.6% to $723.6 million compared with same quarter last year.