The close: TSX finishes flat as banks, energy shares decline Add to ..

May 5, 2016 6:19 PM

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Canada stocks were flat Thursday, as National Bank of Canada tumbled to lead financial stocks lower after giving an early warning of rising credit losses tied to energy.

The benchmark S&P/TSX Composite Index finished up 0.01 of a point to 13,632.01 in Toronto, erasing an earlier advance of as much as 0.9 per cent. The gauge now trades at 20.7 times earnings, about 8.7 per cent higher than the 19.1 times earnings valuation of the S&P 500 Index, data compiled by Bloom...

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