Equities in Toronto tumbled back Friday from consecutive gains over recent days, with health-care and tech firms suffering the worst bruises.

The TSX tumbled 153.99 points to close Friday and the week at 20,111.38, a loss on the week of 68 points, or 0.3%

The Canadian dollar forfeited 0.28 cents to 76.95 cents U.S.

Health-care concerns faltered the most, as Cronos Group dipped 17 cents, or 4.2%, to $3.84, while Bausch Health Companies gave back 31 cents, or 4.2%, to $7.09.

In techs, HUT 8 Mining fell 47 cents, or 13.5%, to $3.02, while Tecsys slumbered $3.33, or 9.3%, to $32.58.

Gold stocks faded, too, as Iamgold slipped 11 cents, or 6.2%, to $1.66, while New Gold fell short six cents, or 6.3%, to 96 cents.

Communications tried to balance things out, as TELUS soared 44 cents, or 1.5%, to $30.71, while BCE moved up 57 cents to $65.98.

In utilities, Brookfield Infrastructure Partners grabbed $1.19, or 2.2%, to $55.26, whjle Hydro One acquired 24 cents to $36.04.

On the economic front, Statistics Canada said retail sales increased 1.1% to $63.1 billion in June, the sixth consecutive increase.

Sales were up in eight of 11 subsectors and were led by higher sales at gasoline stations and motor vehicle and parts dealers.


The TSX Venture Exchange gave up 12.7 points, or 1.9%, to 649.91, for a loss on the week of 30 points, or nearly 5%.

All but two of the 12 TSX subgroups were lower, as health-care subsided 3.5%, information technology slid 3.2%, and gold lost 1.6%.

Communications bucked the trend, up 0.7%. while utilities cleared breakeven by 0.4%.


Stocks tumbled on Friday as Wall Street’s summer rally faltered and rate hike fears resurfaced, leading the major averages to end the week on a sour note.

The Dow Jones Industrials decreased 292.30 points to 33,706.74.

The S&P 500 dropped 55.26 points, or 1.3%, to 4,228.48.

The NASDAQ Composite tumbled 260.13 points, or 2%, to 12,705.22.

For the week, the S&P 500 edged 1.2% lower, while the Dow slipped 0.2%. The tech-heavy NASDAQ closed out the week down 2.6%.

In other news, Bed Bath & Beyond shares cratered more than 40% after Ryan Cohen dumped his entire stake in the retailer. The move seemed to dampen sentiment among meme stock traders who have bet big on the stock in recent months.

Meanwhile, about a $2-trillion notional value worth of options contracts expired on Friday. Options expirations can add volatility to markets as some holders may be forced to move into their positions.

Treasury prices swooned, raising yields to 2.98% from Thursday’s 2.88%. Treasury prices and yields move in opposite direction.

Oil prices lost 37 cents to $90.13 U.S. a barrel.

Gold prices fell $10.80 to $1,760.40 U.S. an ounce.

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