TSX Drops 150 Points On North Korea Scare

(RTTNews) - Canadian stocks fell Thursday along with other global markets due to concerns about hostilities between the U.S. and North Korea.

North Korea state media warned its missiles could surround the U.S. territory of Guam in an "enveloping fire" in coming weeks.

"Sound dialogue is not possible" with President Donald Trump they said.. "The U.S. president at a [golf] links again let out a load of nonsense about 'fire and fury,' failing to grasp the on-going grave situation."

Meanwhile, new housing prices in Canada rose less than expected in June as Toronto real estate cooled off after government measures.

The TSX Composite Index slipped 152.94 points to 15,064.39.

Brookfield Asset Management Inc. (BAM.A.TO) said second quarter earnings advanced 64% compared to the same period last year. Shares fell 1.1 percent.

Canadian Tire Corp. (CTC.TO) second quarter earnings rose 9%. Shares rose 5.7%

Insurance companies Sun Life and Manulife beat earnings estimates. Shares of both companies were lower, however.

Canada Goose (GOOS.TO) posted a small quarterly loss but shares are set to rise. Shares fell 3 percent.

Quebecor (QBR.B.TO) said quarterly profits rose on the sale of wireless licenses outside of Quebec and other special gains. Shares rose 3%

Exchange operator TMX Group Ltd (X.TO) posted better-than-expected quarterly profit and revenue. Shares rose 3.2%.