Stocks Continue to Dip by Noon Hour
Equities in Toronto hit a fresh two-week low on Thursday, weighed down by technology and health-care stocks, as investors continued to fret over the pace of interest rate hikes by major central banks. The TSX Composite dwindled 132.27 points to reach noon hour EDT at 19,052.27. The Canadian dollar dropped 0.11 cents to 74.08 cents U.S. Tech stocks bore the burden, as Nuvei Corporation sagged $1.92, or 4.7%, to $38.60, while Dye Durham fell 61 cents, or 4.7%, to $12.29. Health-care also suffered, as Canopy Growth lost 23 cents, or 5.8%, to $3.72, while Aurora Cannabis gave up eight cents, or 4.6%, to $1.66. On the economic slate, Statistics Canada reported that in August, new home prices for Canada increased 0.1% for the second consecutive month. Last month prices were unchanged in most of the 27 census metropolitan areas (CMAs) surveyed; prices were up in four CMAs and down in one. ON BAYSTREET The TSX Venture Exchange dropped 8.42 points, or 1.4%, to 605.19. All but one of the 12 TSX subgroups had fallen midday, with information technology descending 2.1%, real-estate weaker by 1.9%, and health-care down 1.6%.
Stocks Continue to Dip by Noon Hour
Equities in Toronto hit a fresh two-week low on Thursday, weighed down by technology and health-care stocks, as investors continued to fret over the pace of interest rate hikes by major central banks. The TSX Composite dwindled 132.27 points to reach noon hour EDT at 19,052.27. The Canadian dollar dropped 0.11 cents to 74.08 cents U.S. Tech stocks bore the burden, as Nuvei Corporation sagged $1.92, or 4.7%, to $38.60, while Dye Durham fell 61 cents, or 4.7%, to $12.29. Health-care also suffered, as Canopy Growth lost 23 cents, or 5.8%, to $3.72, while Aurora Cannabis gave up eight cents, or 4.6%, to $1.66. On the economic slate, Statistics Canada reported that in August, new home prices for Canada increased 0.1% for the second consecutive month. Last month prices were unchanged in most of the 27 census metropolitan areas (CMAs) surveyed; prices were up in four CMAs and down in one. ON BAYSTREET The TSX Venture Exchange dropped 8.42 points, or 1.4%, to 605.19. All but one of the 12 TSX subgroups had fallen midday, with information technology descending 2.1%, real-estate weaker by 1.9%, and health-care down 1.6%.