TSX Opens Lower as Precious Metals Slip

Canadas main stock index opened lower as materials shares fell alongside slipping gold and silver prices. Investors also monitored Middle East peace prospects. The S&P TSX Composite Index dropped 0.71 percent in early trading.

Insights:
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 opened lower during Wednesday morning trading, falling 0.71% to 36,078.96 points. The decline was driven by losses in materials shares as precious metal prices slipped. Investors are also monitoring geopolitical developments across the Middle East.

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