Equities in Canada’s biggest market subsided Tuesday by the closing bell, as losses in tech and health-care outweighed gains in energy and consumer staple issues.
The S&P/TSX Composite Index dipped 34.8 points to close Tuesday’s session at 15,281.22
The Canadian dollar gained 0.5 cents to 75.95 cents U.S.
Tech issues were among those taking the brunt of Tuesday’s negative trend, as BlackBerry collapsed 43 cents, or 3.2%, to $13.16, while Constellation Software tumbled $17.48, or 2.5%, to $694.51
Among health-care concerns, Canopy Growth Corporation fell 49 cents, or 5.8%, to $7.97, while Valeant Pharmaceuticals slipped 75 cents, or 3.3%, to $21.86.
Gold stocks also took their lumps, as Barrick Gold lost 48 cents, or 2.2%, to $21.17, while Goldcorp swooned 55 cents, or 3%, to $17.58.
Energy stocks moved higher, however, as Cenovus Energy gained 40 cents, or 4.4%, to $9.55, while Suncor galloped 42 cents, or 1.1%, to $38.49.
Consumer staples prospered too, as Metro picked up seven cents to $43.24, while Loblaw Companies grew 30 cents to $73.39.
In the financial field, Manulife gained 18 cents to $23.71, while Bank of Montreal took on 27 cents to $94.30.
ON BAYSTREET
The TSX Venture Exchange shed 2.05 points to 769.86
All but three of the 12 TSX subgroups were lower to end the session, as information technology concerns dwindled 2.4%, health-care fell 2.2%, and gold docked 1.5%.
Energy and consumer staples were co-leaders among gainers, up 0.7% each, while financials inched up 0.1%
ON WALLSTREET
U.S. equities closed lower on Tuesday as large-cap technology stocks fell more than 1%, while a Senate vote delay raised heighten policy uncertainty.
The Dow Jones Industrials reeled 98.89 points at 21,310.66, with 3M and Apple leading decliners. The index fell after multiple reports said the Senate will hold off on voting on a bill to repeal and replace Obamacare until after the July 4 recess.
The S&P 500 got punished 19.69 points to 2,419.38,
The NASDAQ stumbled 100.53 points, or 1.6%, to 6,146.62, as shares of Google-parent Alphabet fell more than 2%. The European Union fined Google a record $2.7 billion U.S., as regulators ruled the company violated antitrust rules.
Shares of Facebook, Netflix and Amazon followed Alphabet lower, closing at least 1.5% lower.
Technology stocks have been closely watched by Wall Street this year as the sector has outperformed. Entering Tuesday's session, the sector had gained nearly 20% so far this year.
In economic news, consumer confidence for June topped expectations, hitting 118.9. Economists expected a print of 116.
Prices for the benchmark 10-year Treasury note stumbled, raising yields to 2.21% from Monday’s 2.14%. Treasury prices and yields move in opposite directions.
Oil prices vaulted 88 cents to $44.26 U.S. a barrel
Gold prices gained $3.60 to $1,250.00 U.S. an ounce.
