* TSX ends down 0.3% at 20,818.58
* Materials sector falls 1.25%
* Energy adds 3.35%, oil settles 3.3% higher
* First Quantum Minerals jumps 11%
Jan 3 (Reuters) – Canada’s main stock index edged lower
for a second straight day on Wednesday, including losses for
metal mining shares, as a range of economic and geopolitical
risks supported a more cautious approach by investors in the
first week of 2024.
The Toronto Stock Exchange’s S&P/TSX composite index
ended down 53.56 points, or 0.3%, at 20,818.58. It was
extending its pullback from a 19-month high, which it notched
last Thursday at 21,015.91.
“People are coming back from an overly enthusiastic fourth
quarter and maybe they are reevaluating their positions and
trying to take a look at the world as we see it,” said Michael
Sprung, president at Sprung Investment Management.
Two major wars globally,…
