TSX falls as financials and mining stocks drag index
The Toronto Stock Exchange ended lower on Monday as a 1.3% drop in financials and a 1.6% decline in materials weighed on the benchmark. While energy and technology sectors saw gains, investor sentiment was pressured by escalating Middle East tensions and a downgrade for CIBC.
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The S&P/TSX Composite Index fell 0.1% to 34,734.89 points on June 1 as losses in financial and mining sectors outweighed gains in energy and technology. The decline follows a strong performance in May, which marked the second consecutive monthly gain for the benchmark. Investors are balancing domestic economic weakness against geopolitical volatility that is driving commodity prices.
