July 25 (Reuters) – Canada’s main stock index on Thursday fell to its lowest in two weeks, led by precious metal miners as gold and silver prices weakened, while investors digested a host of corporate earnings and U.S. economic data.
At 10:18 a.m. ET (1418 GMT), the Toronto Stock Exchange’s S&P/TSX composite index (.GSPTSE), opens new tab was down 124.64 points, or 0.55%, at 22,515.87, to its lowest level since July 11.
An index of Canadian gold miners (.SPTTGD), opens new tab dropped 3.1% and the materials index (.GSPTTMT), opens new tab fell 2.2%, as gold prices touched a two-week low after data showed the world’s largest economy expanded faster than expected and inflation slowed in the second quarter.
Silver prices also skidded, while copper dipped below $9,000 per metric ton for the first time since April.
U.S. gross domestic product (GDP) grew faster than expected to a 2.8% annualized rate in the second quarter, but inflation…
