TSX slips as technology and gold miners drag index
The S&P/TSX Composite index fell 0.5% as technology shares hit a one-month low and gold miners retreated following strong U.S. producer price data. While energy stocks remained steady with oil above $100, Boyd Group shares fell 12% after missing first-quarter sales expectations.
Canada stocks fell Wednesday morning as technology and gold mining sectors faced selling pressure. The S&P/TSX Composite index dropped 0.5% to 34,128.67 points, retreating from a three-week high reached the previous day. Investors are weighing geopolitical developments against persistent inflationary data in the United States.
### Canadian Tech Faces AI Headwinds The technology sector declined 2% to a one-month low, extending its year-to-date loss to nearly 20%. Shares of Celestica fell 4.7%, while Thomson Reuters and OpenText fell 2.6% to 4.7% and 4.7% respectively.
