TSX Falls as Banks and Miners Slide


‘,
buttonPrevHTML: ”,
};

function adaptBreadcrumbs() {
let breadcrumbs = document.querySelectorAll(‘#header-breadcrumbs’);

for(i = 0; i < breadcrumbs.length; i++) {
let title = breadcrumbs[i].querySelector(‘.breadcrumbs-title’);
let btns = breadcrumbs[i].querySelector(‘.btn-container:last-child’);

if(btns && btns.children && btns.children.length) {
if(parseInt(title.getBoundingClientRect().top + title.getBoundingClientRect().height / 2) == parseInt(btns.getBoundingClientRect().top + btns.getBoundingClientRect().height / 2)) {
title.style=”flex-grow:1;”;
} else {
title.style=”flex-grow:0;”;
}
} else {
title.style=”flex-grow:1;”;
}

}
}

window.addEventListener(‘resize’, adaptBreadcrumbs);
document.addEventListener(‘DOMContentLoaded’, adaptBreadcrumbs);

The S&P/TSX Composite Index slipped 1.1% to close at 35,584 on Wednesday, dragged lower by weakness in the banking and mining sectors. Crude prices extended their advance, heightening concerns about energy-driven inflation, while hotter-than-expected U.S. CPI data weighed on lenders amid ongoing uncertainty surrounding the Federal Reserve’s policy path.

Financials retreated, with major banks under pressure: BMO and National Bank each declined 0.9%. The mining sector also extended its slide as gold and silver prices continued to retreat, with Agnico Eagle down 4.6%, Barrick off 4%, and WPM losing 4.8%.

Technology shares came under notable selling pressure. Celestica tumbled 9.2% as U.S. chipmakers recorded steep losses, while Shopify fell 2.2%.

By contrast, energy producers largely advanced as oil resumed its upward trend, with Suncor up 1% and Imperial Oil gaining 0.6%. Retail names also strengthened, with ATD climbing 2.9% and Loblaw adding 2.8%.




Source link

Scroll to Top