TSX opens one percent lower as mining stocks slump on falling metal prices

The Toronto stock index dropped over one percent today as falling precious metal prices weighed on mining shares. Investors also reacted to tech earnings.

Insights:
The S&P/TSX Composite Index in Canada CACA opened 1.07% lower at 32,222.99 on Thursday, as precious-metals-led declines pressured mining stocks. This move produced immediate downward pressure on the country's main equity benchmark at the market open, occurring as investors processed a new batch of Wall Street tech earnings from the United States USUS.
The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada, on January 23, 2019. REUTERS/Chris Helgren/File Photo
The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada, on January 23, 2019. REUTERS/Chris Helgren/File Photo
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