© 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/File Photo
By Fergal Smith
(Reuters) -Canada’s commodity-linked main stock index pulled back from a 22-month high on Monday as metal prices fell and investors turned cautious ahead of earnings reports this week from major domestic banks.
The Toronto Stock Exchange’s S&P/TSX composite index ended down 88.84 points, or 0.4%, at 21,324.31, after posting on Friday its highest closing level since April 2022.
“There’s not a lot of urgency to buy anything today,” said Greg Taylor, portfolio manager at Purpose Investments. “Everyone’s more just recovering from the big week we had last week with some big moves in technology.”
The high-dividend paying utilities sector lost 2.2% as bond yields climbed and financials, the most heavily-weighted sector on the TSX by far,…
