The Toronto Stock Exchange closed lower on Wednesday closing lower on weak mining and tech issues as investors appear wary about investing amid continuing concerns around a global tariffs war and the impact that would have on most economies.
The S&P/TSX Composite Index closed down 22.68 points to 25,626.16. The biggest declining sectors were Base Metals, down 2.1%, and Technology, 0.91%). Energy, up 0.86%, was the biggest gainer.
Losses on Wednesday may have been capped as some lingering concerns that the interest rate differential between Canada and the United States might widen over the coming months should ease after the Federal Reserve released minutes from the January 28-29 meeting of its policy committee confirming the FOMC is not in a hurry to reduce interest rates further.
Among individual stocks, Barrick Gold ABX closed up $0.66 to $26.72 after Reuters on Wednesday reported the company signed an agreement with Mali’s…
