Five big Canadian banks close in the red

Another close in the green (or black) on the TSX today. The exchange closed up 0.12% today at 13164.

The financial sector was the only one that closed in the red, giving an indication of the relevance of this sector on the market (that all other sectors could be up, yet the overall index was only up 0.12%).

http://stockcharts.com/scripts/php/candleglance.php?bmo.to,%20bns.to,%20bam.a.to,%20cm.to,%20mfc.to,%20na.to,%20pow.to,%20ry.to,%20slf.to,%20td.to

Financials closed down 0.76% at 182.35.

http://tmx.quotemedia.com/marketsca.php?locale=EN

TD and CM shed the most blood today, even though CM beat analysts estimate of 1.63 a share by 5 cents. TD missed estimates by 12%, citing higher expenses, consumer banking, and trading drops as the main reasons.

http://www.bloomberg.com/news/2010-12-02/toronto-dominion-cibc-fourth-quarter-profits-fall-on-lower-trading-fees.html

All tickers for the big five closed in the red today.

Symbol	Price	Change	% Change
CM.TO	79.31	-1.74	-2.15%

BMO.TO	60.84	-0.38	-0.62%	BANK OF MONTREAL 1d 5d 3m 6m 1y 2y 5y max News Profile Key Stats Add to Portfolios Set Alert
BNS.TO	53.97	-0.25	-0.46%	BANK OF NOVA SCOTIA 1d 5d 3m 6m 1y 2y 5y max News Profile Key Stats Add to Portfolios Set Alert
NA.TO	69.35	-0.47	-0.67%	NATIONAL BANK OF CANADA 1d 5d 3m 6m 1y 2y 5y max News Profile Key Stats Add to Portfolios Set Alert
RY.TO	55.72	-0.52	-0.92%

 TD.TO                73.29    -2.00       -2.66%