By Fergal Smith
(Reuters) -Canada’s main stock index extended its pullback from a record high on Thursday, pressured by declines for technology and metal mining shares, as investors took stock of recent gains for the market.
The S&P/TSX composite index ended down 124.41 points, or 0.5%, at 22,726.76, its second straight day of losses after it posted an all-time high on Tuesday.
“I don’t think there is any specific catalyst,” said Barry Schwartz, chief investment officer at Baskin Wealth Management. “We’ve had a hell of a run up and this is just the pause that refreshes.”
U.S. stocks were also lower as investors continued to rotate away from high-priced megacap growth stocks and second-quarter earnings season gathered steam.
“The elements are still in place for multi-year strong returns on markets. Inflation has been tamed, interest rates I’m certain are going to be cut globally in the next few months or so … it’s just we got pretty…
