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TSX ends down 0.3% at 20,818.58
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Materials sector falls 1.25%
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Energy adds 3.35%, oil settles 3.3% higher
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First Quantum Minerals jumps 11%
(Updates at market close)
By Fergal Smith
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, political tensions and the build up of debt are some of…
