TSX falls 0.3 percent as consumer sector weighs on index
The TSX fell 0.3 percent on Thursday as consumer shares dropped. Investors weighed high oil prices while real estate rose on a C$9.4 billion acquisition.
Xurve View
Insights:
Xurve View
The main stock index in Canada retreated from a six-week high on Thursday as investors weighed the potential economic impact of sustained high energy prices. The S&P/TSX Composite Index finished the trading session down 103.76 points, or 0.3%, at 34,052.23. This decline followed a peak on Wednesday when the index reached its highest closing level since early March, driven by hopes for a resolution to energy supply disruptions in the Middle East.
