The gold sector led TSX decliners, down about three per cent and adding further damage to a sector already down about 50 per cent for the year. The latest decline came as February bullion lost $10.20 to US$1,203.80 an ounce, bringing the overall price drop for the year to about 28 per cent. Federal Reserve moved to cut back on a key area of stimulus, its monthly bond purchases..
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Everybody in this part of the world will be affected by oil dropping below 50 bucks a barrel. I far from an economist. I never even met Dow Jones. A: CV recovery has been happening in the second half of the current year which is this financial year 14 15 so the recovery has been happening. We do not know the outlook, it is little uncertain but the second half of last year that is FY14 15 the recovery has been significant almost 40 percent up in the OEM segment. We have to wait and see whether it gets sustained but outlook looks little mixed.