TSX Falls for Fourth Day as Tech and Mining Shares Slide
The TSX fell 0.7% on Tuesday to mark its longest losing streak of the year. Tech and mining shares led the decline while energy gains offset some losses.
Xurve View
Insights:
Xurve View
Canada’s S&P/TSX composite index fell 0.7% to 33,584.34 on Tuesday as technology and mining shares declined. The four-day losing streak is the longest for the Toronto Stock Exchange since December. Investors are pivoting from geopolitical risks to corporate earnings as high-growth tech valuations face new scrutiny.
CELESTICA INC shares dropped 14.5% following its quarterly results, leading a 4.3% slide in the technology sector. This sell-off followed a Reuters report that OpenAI missed internal revenue targets, cooling investor appetite for artificial intelligence.
