TSX Resumes Downward Journey
Equities in Toronto plumbed a fresh two-week low on Thursday, as technology and health-care stocks weighed matters down, as investors continued to fret over the pace of interest rate hikes by major central banks. The TSX Composite fell 181.86 points, or 1%, to close Thursday at 19,002.68. The Canadian dollar skidded 0.44 cents to 74.14 cents U.S. Losses in information technology did most of the damage, with Dye Durham, down 82 cents, or 6.4%, to $12.08, while Nuvei ditched $2.65, or 6.5%, to $37.87. Real-estate also faltered, with units of Summit Industrial Income REIT falling back 66 cents, or 3.7%, to $17.05, while Colliers International sank $5.20, or 3.6%, to $138.27. Health-care did not fare much better, as Canopy Growth went down the scale 26 cents, or 6.6%, to $3.69, while Tilray dipped 21 cents, or 5.3%, to $3.79. Communications, one of the two subgroups which tried to shine, was powered by Telus, improving 42 cents, or 1.5%, to $28.90, while Rogers surged 70 cents, or 1.3%, to $55.80.
TSX Resumes Downward Journey
Equities in Toronto plumbed a fresh two-week low on Thursday, as technology and health-care stocks weighed matters down, as investors continued to fret over the pace of interest rate hikes by major central banks. The TSX Composite fell 181.86 points, or 1%, to close Thursday at 19,002.68. The Canadian dollar skidded 0.44 cents to 74.14 cents U.S. Losses in information technology did most of the damage, with Dye Durham, down 82 cents, or 6.4%, to $12.08, while Nuvei ditched $2.65, or 6.5%, to $37.87. Real-estate also faltered, with units of Summit Industrial Income REIT falling back 66 cents, or 3.7%, to $17.05, while Colliers International sank $5.20, or 3.6%, to $138.27. Health-care did not fare much better, as Canopy Growth went down the scale 26 cents, or 6.6%, to $3.69, while Tilray dipped 21 cents, or 5.3%, to $3.79. Communications, one of the two subgroups which tried to shine, was powered by Telus, improving 42 cents, or 1.5%, to $28.90, while Rogers surged 70 cents, or 1.3%, to $55.80.