* TSX ends down 0.6% at 21,873.72
* Posts first decline in six sessions
* Industrial shares lead declines
* 10-year yield climbs to a 5-month high
April 24 (Reuters) – Canada’s main stock index fell on
Wednesday, including declines for railroad shares, as long-term
borrowing costs climbed and retail sales data added to evidence
of a slowdown in the domestic economy.
The Toronto Stock Exchange’s S&P/TSX composite index
ended down 138 points, or 0.6%, at 21,873.72, its
first decline in six sessions.
“Markets looks pretty good right now, but the big backdrop
that everyone’s still concerned about is bond yields”, said Greg
Taylor, chief investment officer at Purpose Investments.
The Canadian 10-year yield touched its highest
level since Nov. 14 at 3.834%. Still, the Bank of Canada is
expected to begin cutting interest rate ahead of the Federal
Reserve as…
