By Fergal Smith
(Reuters) -Canada’s main stock index ended lower for a fifth straight day on Friday, led by declines for the real estate and consumer discretionary sectors, as investors turned cautious ahead of a potentially volatile period for the market.
The Toronto Stock Exchange’s S&P/TSX composite index ended down 87.88 points, or 0.36%, at 24,463.67, extending its pullback from last Friday’s record high.
For the week, the TSX was down 1.45%. It was the first time since April the index has fallen for five straight days.
Still, it was up 1.93% since the beginning of October.
“We had a really good start to the month,” said Greg Taylor, portfolio manager at Purpose Investments. “We pulled forward a lot of good news and now people are bracing for some volatility in the next few weeks.”
Wall Street has been unsettled this week by a rapid rise in U.S. bond yields, while uncertainty around the Nov. 5 U.S. presidential election has…
