TSX drops 1.6 percent in largest daily decline in three months

Canadas main stock index fell 1.6 percent on Wednesday in its steepest daily decline since June. Financial and mining shares led the losses as global bond yields climbed and economic data boosted rate hike expectations.

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The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren

Canada's main stock index fell 584.18 points, or 1.6%, to 35,751.43 during Wednesday afternoon trade, marking its steepest single-day decline in three months.

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