Equity markets in Toronto opened broadly lower on Tuesday, with all but one of the major sectors in negative country.
The S&P/TSX composite index tumbled 93.70 points to open Tuesday at 15,058.94
The Canadian dollar regained 0.43 cents to 83.09 cents U.S.
Real-estate issues endured the biggest bite in the first hour of trading, as Chartwell Retirement Residence units slid 33 cents, or 2.8%, to $11.40, and units in H&R Real Estate Investment Trust demurred 43 cents, or 1.9%, to $22.24.
Utilities also suffered, as Emera capsized $1.34, or 3.2%, to open the day at $40.36.
Health-care shares were sicker, as Valeant Pharmaceuticals collapsed $4.51, or 1.7%, to $266.40.
Only energy stocks seemed to offer any spark whatsoever, as Parex Resources galloped 49 cents, or 5.2%, to stand at $9.99.
ON BAYSTREET
The TSX Venture Exchange faded 2.40 points to 688.35
All but one of the 14 Toronto subgroups hesitated in the first hour, as real-estate ducked back 1.2%, utilities settled 1.1%, and health-care lost 1%.
Only energy improved, by 0.3%.
ON WALLSTREET
U.S. stocks traded sharply lower on Tuesday as the continued gains in bond yields kept investors on edge.
The Dow Jones Industrials hesitated 132.30 points to 17,972.97, with Microsoft leading all blue chips lower except Wal-Mart.
The S&P 500 index moved downward 16.30 points to 2,089.03, with telecommunications leading all 10 sectors lower.
The NASDAQ fell 52.70 points to 4,940.87
In stock news, Castleton Commodities International will buy Morgan Stanley's physical oil business in a long-awaited deal.
Verizon is buying AOL for $50 per share or $4.4 billion U.S. in cash, with AOL CEO Tim Armstrong continuing to lead the company after it becomes a wholly owned Verizon subsidiary.
The government said MetLife's suit fighting its so-called "SIFI" designation should be dismissed. The insurer earlier this year challenged the decision to designate it as systemically important and subject to tighter scrutiny. The Justice Department said MetLife is "significantly interconnected" with other financial companies.
Meanwhile, Apple is in talks with Alibaba to bring its mobile payments system to China, according to an interview with Chinese news agencyXinhua.
The Job Openings and Labor Turnover Survey showed new hires and job openings little changed.
The federal budget for April, which is seen showing an increased surplus, is expected at 2:00 p.m. ET.
European equities slid in trade on Tuesday, with the benchmark German DAX index around 2.2% lower.
Greece emptied an emergency IMF holding account to repay 750 million euros ($839 million U.S.) due to the international lender, a Greek central bank official said in a Reuters report. The move avoided default but underscored the dire state of the country's finances.
Prices for 10-year U.S. Treasuries sagged, lifting yields to 2.29% from Monday’s 2.28%. Treasury prices and yields move in opposite directions.
Oil prices gained 57 cents a barrel to $59.82 U.S.
Gold prices regained $8.40 to $1,191.40 U.S.
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