It was back to reality for the TSX, which started a shortened week taking a hit from steep losses among technology shares. Lower gold prices weighed on the TSX. Investors were feeling non-committal after inflation and retail sales data didn’t show and end to monetary policy tightening.


Sponsored by
ApartmentLove Strengthens Hold on Toronto Rental Market


US stock markets also fell as investors considered the possibility of higher-for-longer interest rates in the face of earnings letdowns from big-box retailers. Walmart issued full-year earnings guidance below estimates and warned that consumers pressured by inflation shopping for bargains could negatively impact margins.

Today in the Markets

TSX 20,252.64 -262.60 TSX
TSXV 625.51 -2.27 TSXV
CSE 196.59 -4.45 TSXV
DJIA 33,129.59 -697.10 DJIA
NASDAQ 11,492.30 -294.97 NASDAQ
S&P 500 3,998.26 -80.83 S&P 500

The Canadian dollar traded for 73.87 cents US, compared to 74.24 cents US on Friday.

US crude futures traded $0.29 lower at $76.05 a barrel, and the Brent contract lost $1.11 to $82.96 a barrel.

The price of gold was up 7.37 to US$1,834.35.

In world markets, the Nikkei was down 58.84 points to 27,473.10, the Hang Seng was down 357.47 points to 20,529.49, the FTSE was down 36.56 points to 7,977.75, and the DAX was down 79.93 points to 15,397.62.


Get @ the Bell delivered to your email inbox every day!

Sign Up Here


DISCLAIMER: By viewing any material on or distributed by The Market Herald Publishing Ltd. and its Information Providers you agree to both the following disclaimer, and the full disclaimer that can be viewed here.
Any holdings, theories, speculation or trades appearing anywhere on The Market Herald network of websites should not be relied upon for purposes of transacting securities or other investments, nor should they be construed as an offer or solicitation of an offer to sell or buy any security. This applies to any material regardless of source, placement, presentation or reproduction. Any Information Providers to The Market Herald or employees of The Market Herald may from time to time have positions in the stocks or other entities mentioned anywhere on The Market Herald Network of websites. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. The Market Herald and its contributors makes no guarantee as to the validity of any information, speculation, theories or research presented herein whether pertaining to the past, present or future. The Service and The Materials are provided by The Market Herald and other Information Providers on an “as is” basis, and The Market Herald and other Information Providers expressly disclaim any and all warranties, express or implied, including, without limitation, warranties of satisfactory quality and fitness for a particular purpose, with respect to the service or any materials and products. In no event shall The Market Herald and other Information Providers be liable for any direct, indirect, incidental, punitive, or consequential damages of any kind whatsoever with respect to The Service, The Materials, and The Products.
More From The Market Online

Theralase adds cancer immunotherapy to potential revenue streams

Theralase Technologies' (TSXV:TLT) lead drug candidate, Rutherrin, enhanced cancer immunotherapy in a pre-clinical setting.

From robotic limbs to new highs, NVIDIA stock is on a roll

NVIDIA Corp. (NDAQ:NVDA; NEO:NVDA) opened Tuesday trading on a positive note, showing a significant upward trend.

Eric Sprott reduces exposure to TRU Precious Metals

Billionaire investor Eric Sprott allows 9 million warrants for shares of TRU Precious Metals (TSXV:TRU) to expire unexercised.