TSX Drops 1 Percent as Mining Shares Lead Market Decline

The S&P/TSX composite index dropped 1% on Thursday morning as gold prices fell. Investors remained cautious while monitoring the conflict in the Middle East.

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The main stock index in Canada opened lower on Thursday, as a decline in gold prices dragged down mining shares. The S&P/TSX composite index fell 1% to 33,627.88 points shortly after the market opened at 9:32 a.m. ET.

The historic Art Deco exterior of the Toronto Stock Exchange building located on Bay Street in Toronto, Ontario. REUTERS/Chris Helgren
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