Stocks in Toronto have climbed the downward ladder since hitting dizzy heights. On Thursday, the decline was powered mostly by real-estate and health-care concerns.

The TSX lost 34.79 points to end Thursday at 20,341.44.

The Canadian dollar improved 0.18 cents at 74.26 cents U.S.

The health-care index fell with cannabis producer Tilray Brands dropping 17 cents, or 4.1%, to $3.97, with Canopy Growth behind 11 cents, or 3.1%, to $3.47.

In real-estate, Allied Properties REIT units folded 88 cents, or 3%, to $28.86, while Colliers International sagged $2.64, or 1.9%, to $133.86.

Among techs, Magnet Forensics slid $1.98, or 4.9%, to $38.35, while Shopify dipped $1.46, or 2.8%, to $51.43.

Gold tried to equalize things, with Equinox Gold ahead 47 cents, or 8.7%, to $5.90, while Torex Gold grabbed 79 cents, or 4.6%, to $17.82.

In other resource stocks, K92 Mining gained 26 cents, or 3.4%, to $8.01, while Fortuna Silver Mines hiked 33 cents, or 7%, to $5.03.

In energy, Precision Drilling gained $4.73, or 4.3%, top $114.71, while Birchcliff Energy acquired 29 cents, or 3.3%, to $8.98.

On the economic calendar, wholesale sales rose 0.5% to $83.8 billion in November.


The TSX Venture Exchange slid 1.94 points to 615.91.

Eight of the 12 subgroups remained lower on the day, with health-care sliding 1.4%, real-estate off 1%, and information technology fading 0.8%.

The four gainers were led by gold, brighter by 2.1%, energy up 1.6%, and materials higher by 0.%.


Stocks fell Thursday as investors grew increasingly concerned the Federal Reserve will keep raising rates despite signs of slowing inflation.

The Dow Jones Industrials shed another 252.40 points to 33,037.56, erasing January gains and posting its third daily loss in a row.

The S&P 500 lost 30.01 points to 3,898.85

The NASDAQ Composite Index subtracted 104.74 points, or 1%, to 10,852.27. Both the latter indexes are still positive for the month.

All of the major averages are on pace for their first negative week in three. The Dow is down 3.7% and on pace for its worst weekly performance since September. The S&P and NASDAQ have each lost more than 2% on a weekly basis.

Elsewhere, investors are watching key quarterly reports to see if there is an earnings recession brewing. Netflix will report earnings after the bell.

Initial filings for unemployment insurance fell to their lowest level since late June last week, the U.S. Labor Department reported Thursday, signaling to investors that the labour market is resilient amid a slowing economy.

Prices for the 10-year Treasury went south, raising yields to 3.40% from Wednesday’s 3.37%. Treasury prices and yields move in opposite directions.

Oil prices regained 90 cents to $80.38 U.S. a barrel.

Gold prices gained $26.50 to $1,933.50 U.S. an ounce.

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