© Reuters. The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren
(Reuters) – Canada’s main stock index was dragged down on Wednesday by a drop in rate-sensitive technology stocks, as shares of the country’s third biggest company, Shopify (NYSE:), hit a six-week low and those of crypto miners fell.
The Toronto Stock Exchange’s S&P/TSX composite index was down 45.15 points, or 0.2%, at 21,172.38.
Technology stocks led losses on the index with a 2.4% decline, dragged by crypto miners Hut 8 and Bitfarms, down 3.9% and 7.0%, respectively, after lost 2%. Shopify shares were down nearly 4% at C$102.
In the United States, minutes from the Federal Reserve’s January meeting showed the majority of policymakers were concerned about the risks of cutting interest rates too soon, with broad uncertainty about how long borrowing costs…
