TSX Heads for Weekly Drop on Gold and Tech Declines

Canadas main stock index fell 1.57 percent to a one week low as mining and technology sectors declined. Falling gold prices and rising AI costs weighed on market sentiment. The index is now on track for its second consecutive weekly loss.

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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 1.57% to 35,673.99 points during Friday morning trade, heading toward its second consecutive weekly decline.