Canada’s main stock index took a breather Friday, closing down more than 100 points a day after setting a new all-time closing high. The S&P/TSX composite index closed down 103.18 points at 21,984.08. On Thursday, it closed at 22,087.
Canada’s main stock index took a breather Friday, closing down more than 100 points a day after setting a new all-time closing high.
The S&P/TSX composite index closed down 103.18 points at 21,984.08.
On Thursday, it closed at 22,087.26, beating a previous record of 22,087.22 set in March 2022.
Ashish Utarid, assistant vice-president of investment strategy with IG Wealth Management, pointed out some sectors saw slight gains while others saw losses Friday. Trading volumes were also significantly lower than previously in the week.
“It’s almost like everyone has been liking the rally for the last few weeks, and now they’re taking the day off,” Utarid said of the day’s quieter trading session.
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