Pressured by technology stocks after Shopify’s downbeat forecast, Canada’s main stock indices gave back the gains made in the previous session on Wednesday. Optimism for a sustained rally following the index nearing a record high in the previous session was contained by higher bond yields and declining commodity prices.
U.S. stocks were split under pressure from several tech names after the Dow Jones Industrial Average clinched its longest winning streak since December 2023.
The Canadian dollar traded for 72.81 cents compared with 72.85 cents U.S. on Tuesday.
U.S. crude futures traded $0.84 higher at $79.22 a barrel, and the Brent contract added $0.60 to $83.76 a barrel.
The price of gold was down US$5.44 to US$2,308.34.
In world markets, the Nikkei was down 632.73 points to 38,202.37, the Hang Seng was down 165.51 points to 18,313.86, the FTSE was up 40.38 points to 8,354.05, and the DAX was up 68.33 points to 18,498.38.
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