Canadian Stocks Edge Down To Nearly Two-Month Low

(RTTNews) - After seeing considerable volatility early in the session, Canadian stocks spent much of Tuesday's trading in the red but regained ground going into the end of the day. The benchmark S&P/TSX Composite Index edged down 29.59 points or 0.1 percent to 35,460.27, closing well off its lows of the session. The index still ended the day at a nearly two-month closing low. The modest lower close by the index came amid substantial weakness among telecom stocks, with the S&P/TSX Capped Communications Index tumbling by 2.2 percent. A steep drop by the price of crude oil also weighed on energy stocks, as reflected by the 1.3 percent loss posted by the S&P/TSX Capped Energy Index. After surging by as much as 2.3 percent earlier in the day, U.S.