* TSX off 0.3%
* Financials, technology stocks drag
* Canada’s manufacturing activity slumps in December
Jan 2 (Reuters) – Canada’s main stock index made a
subdued start to 2024, weighed down by a decline in financial
stocks on Tuesday, though gains in commodity-linked shares
capped losses.
At 10:20 a.m. ET (15:20 GMT), the Toronto Stock Exchange’s
S&P/TSX composite index was down 59.83 points, or
0.29%, at 20,898.61.
Global market sentiment was fragile on Tuesday with Wall
Street’s main indexes pressured by a rise in U.S. Treasury
yields.
Canada’s 10-year benchmark government yield was
last up at 3.199%.
“(We are) looking for a bit of choppy January as we had a
pretty big move in bond yields higher and we’ll see if that sets
the tone for the year,” said Greg Taylor, chief investment
officer at Purpose Investments.
The…
