The TSX joined other major stock markets in a downward slide Wednesday, dropping 0.26 per cent. Rising oil prices and Suncor’s second-highest quarter for upstream production in the company’s history boosted the energy sector as it defied the predominantly negative direction of the Toronto Stock Exchange. Technology, financials and base metals were the worst-performing sectors.
U.S. markets took their lumps after U.S. Federal Reserve minutes revealed no clear timeline for reducing interest rates. Tech stocks were hit hard for the second consecutive day, and the tech-heavy NASDAQ fell 1.18 per cent. The Dow Jones Industrial Average fell by 0.76 per cent, and the S&P 500 sunk by 0.8 per cent.
The Canadian dollar traded for 74.87 cents U.S. compared to 75.02 cents U.S. on Tuesday.
U.S. crude futures traded $2.62 higher at $73.00 a barrel, and the Brent contract gained $2.59 to $78.48 a…
