A day after the TSX closed at a record high, equities in Toronto moved lower on Wednesday led by losses in the technology sector rout. The heavyweight mining, energy, financial and industrial markets also fell. Minor gains in the telecom space helped to limit some losses.
On Wall Street, the rotation out of high-flying technology shares continues, causing the Nasdaq and S&P 500 to dip, while the Dow reached another intraday high.
The Canadian dollar traded for 73.05 cents U.S. compared with 73.12 cents U.S. on Tuesday.
U.S. crude futures traded $2.12 higher at $82.88 a barrel, and the Brent contract rose $1.32 to $85.05 a barrel.
The price of gold was down US$10.94 to US$2,457.70.
In world markets, the Nikkei was down 177.39 points to 41,097.69, the Hang Seng was up 11.43 points to 17,739.41, the FTSE was up 27.59 points to 8,192.49, and the DAX was down 80.73 points to 18,437.30.
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(Top image: File)