TSX Steps Back from All-Time Highs
Equities in North America displayed their nerves Wednesday, with central banks openly discussing rate hikes for the very near future. The TSX Composite Index lost 142.23 points to conclude midweek Wednesday at 21,788.60. The Canadian dollar fell 0.31 cents to 79.79 cents U.S. Tech proved the biggest anchor on the index, with Lightspeed POS down $3.07, or 7.7%, to $36.63, and Shopify sagged $54.61, or 6.3%, to $823.86. Real-estate was also a worry, as InterRent REIT dropped 57 cents, or 3.8%, to $14.57, while Allied Properties REIT faltered $1.45, or 3.1%, to $44.69. In energy, Whitecap Resources moved earthward 48 cents, or 4.6%, to $9.88, while Vermilion Energy slid $1.58, or 5.9%, to $25.27. Utilities was strongest fop the gainers, as Transalta copped 50 cents, or 3.8%, to $13.57, while Boralex advanced $1.96 or 3.4%, to $41.56. Communications became green in the afternoon, with Quebecor tacking on 76 cents, or 2.5%, to $31.27, while Cogeco Communications moved forward $1.51, or 1.4%, to $105.86.
TSX Steps Back from All-Time Highs
Equities in North America displayed their nerves Wednesday, with central banks openly discussing rate hikes for the very near future. The TSX Composite Index lost 142.23 points to conclude midweek Wednesday at 21,788.60. The Canadian dollar fell 0.31 cents to 79.79 cents U.S. Tech proved the biggest anchor on the index, with Lightspeed POS down $3.07, or 7.7%, to $36.63, and Shopify sagged $54.61, or 6.3%, to $823.86. Real-estate was also a worry, as InterRent REIT dropped 57 cents, or 3.8%, to $14.57, while Allied Properties REIT faltered $1.45, or 3.1%, to $44.69. In energy, Whitecap Resources moved earthward 48 cents, or 4.6%, to $9.88, while Vermilion Energy slid $1.58, or 5.9%, to $25.27. Utilities was strongest fop the gainers, as Transalta copped 50 cents, or 3.8%, to $13.57, while Boralex advanced $1.96 or 3.4%, to $41.56. Communications became green in the afternoon, with Quebecor tacking on 76 cents, or 2.5%, to $31.27, while Cogeco Communications moved forward $1.51, or 1.4%, to $105.86.