TSX Steps Back from Thursday Gains
Stocks in Canada’s main market were driven lower on Friday as upbeat U.S. jobs data deepened concerns of more interest rate hikes. The SP|TSX had lost 216.74 points, or 1%, by noon to 20,815.07. The Canadian dollar dipped 0.03 cents to 79.52 cents U.S. Cannabis concerns proved the main agent of the demise, as Canopy Growth flopped 41 cents, or 6.9%, to $5.51, while rival Tilray faltered 30 cents, or 5.4%, to $5.28. In tech stocks, Docebo fell $2.74, or 6.3%, to $40.81, while Shopify stumbled $45.48, or 9.1%, to $455.66. In gold stocks, Alamos Gold dulled in price 51 cents, or 4.8%, to $10.09, while IAMGOLD Corporation demurred 12 cents, or 4%, to $2.90. ON BAYSTREET The TSX Venture Exchange lurched lower 8.51 points, or 1.2%, to 719.96. All 12 TSX subgroups were down midday, as health-care subsided 3.3%, information technology slouched 3.1%, and gold dropped 2.2%. ON WALLSTREET U.S. stocks slid Friday as investors digested a stronger-than-expected jobs report and its implication for monetary policy going forward.
TSX Steps Back from Thursday Gains
Stocks in Canada’s main market were driven lower on Friday as upbeat U.S. jobs data deepened concerns of more interest rate hikes. The SP|TSX had lost 216.74 points, or 1%, by noon to 20,815.07. The Canadian dollar dipped 0.03 cents to 79.52 cents U.S. Cannabis concerns proved the main agent of the demise, as Canopy Growth flopped 41 cents, or 6.9%, to $5.51, while rival Tilray faltered 30 cents, or 5.4%, to $5.28. In tech stocks, Docebo fell $2.74, or 6.3%, to $40.81, while Shopify stumbled $45.48, or 9.1%, to $455.66. In gold stocks, Alamos Gold dulled in price 51 cents, or 4.8%, to $10.09, while IAMGOLD Corporation demurred 12 cents, or 4%, to $2.90. ON BAYSTREET The TSX Venture Exchange lurched lower 8.51 points, or 1.2%, to 719.96. All 12 TSX subgroups were down midday, as health-care subsided 3.3%, information technology slouched 3.1%, and gold dropped 2.2%. ON WALLSTREET U.S. stocks slid Friday as investors digested a stronger-than-expected jobs report and its implication for monetary policy going forward.