Canada: Earnings Weigh on TSX.

Canada's S&P/TSX Composite index closed 0.2% lower at 33,912 on Friday, underperforming its US counterparts on pressure from energy producers and banks as markets parsed a batch of earnings reports. Crude oil prices pulled back for a second session despite the continued impasse between Iran and the US, which prolonged the blockade against tankers and vessels in the region. Canadian Natural and Suncor both dropped around 1.5%, while Imperial Oil sank 4% after its earnings. Meanwhile, heavyweight banks dropped on the pessimistic spending demand highlighted by the domestic GDP report released yesterday, with TD and RBC closing in the red. Meanwhile, Fairfax Financial slumped 7.5% after missing its earnings estimate. Similarly, Magna fell 5% on not meeting orders expectations. Also, TC Energy and Agnico Eagle Mines fell over 1% after the release of its quarterly report. Lastly, Air Canada fell after abandoning this year's guidance.