Stock indexes in Canada’s largest centre fell on Friday, led by declines in energy and material shares after data showed domestic factory sales fell for a fourth straight month, with investors also digesting the Russian president’s comments on no plans for further military mobilization.
The TSX Composite faltered 122.26 points to break for noon hour EDT at 18,491.37.
The Canadian dollar weakened 0.6 cents to 72.07 cents U.S.
The TSX has lost 12.9% so far this year after the Russia-Ukraine war spiraled commodity prices across the globe
Resource stocks took it on the chin Friday, with Hudbay Minerals descending 32 cents, or 5.8%, to $5.24, while Endeavour Silver gave back 21 cents, or 4.6%, to $4.34.
In gold stocks, Eldorado Gold lost 41 cents, or 4.8%, to $8.13, while OceanaGold handed back 11 cents, or 5%, to $2.11.
Techs tried to right the ship, as Shopify moved ahead 32 cents … Read more