Canadian equities fell on Thursday as a downturn in gold and silver prices put pressure on metal mining shares, with investors also awaiting a speech by U.S. Federal Reserve chair Jerome Powell. The S&P/TSX Composite Index plunged by 84 points, or 0.4%, yesterday to settle at 23,037, essentially reversing the gains from the previous session.
On the one hand, many real estate stocks witnessed optimism after the release of better-than-expected U.S. existing home sales data for July. On the other hand, heavy losses in other key sectors like mining, technology, and consumer cyclicals dragged the TSX benchmark down.
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Denison Mines, NovaGold Resources, Energy Fuels, and K92 Mining dived by at least 4.9% each, making them the worst-performing TSX stocks for the day.
Toronto-Dominion Bank (TSX:TD) also fell 2.1% to $79.59 per share after its latest quarterly earnings missed Street analysts’…
