Canadian stocks decline as tech and commodity sectors offset financial gains

The TSX dropped on Thursday as tech losses and falling metal prices weighed on the index. Strong earnings from financial and utility firms limited the slide.

洞察:
Canada CACA's main stock index, the S&P/TSX composite index, slipped today as weakness in technology and commodities-related shares drove broad market declines across the country. The S&P/TSX composite index slipped as tech and commodities shares weakened, with the overall index falling 0.4 percent. This downward movement followed stronger-than-expected jobs data from the United States USUS, which has significantly reduced investor hopes for near-term Federal Reserve rate cuts.
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
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
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