financetom
World
financetom
/
World
/
CANADA STOCKS-TSX edges back from record high as tech shares fall
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CANADA STOCKS-TSX edges back from record high as tech shares fall
Aug 6, 2026 2:01 PM

(Updates at market close)

By Sudeshna Ghoshal and Fergal Smith

TORONTO, Aug 6 (Reuters) - Canada's main stock index edged

lower on Thursday as investors weighed corporate earnings and

geopolitical uncertainty, with technology and consumer

discretionary shares among the biggest decliners.

The Toronto Stock Exchange's S&P/TSX Composite index

ended down 10.11 points at 36,136.31, after posting a

record closing high on Wednesday.

* The U.S. benchmark S&P 500 also closed lower, pausing

after a strong start to the week, as investors digested the

latest round of corporate earnings and looked for signs of

progress toward a peace deal between the U.S. and Iran.

* "Earnings are very important, but the macro landscape is

also pushing things along while adding to the uncertainty," said

Corbin Footitt, portfolio manager at Verecan Capital Management

Inc.

* The technology sector fell 1.5%, with shares of

Celestica ( CLS ) down nearly 13% after the data center

infrastructure firm announced the pricing of an equity offering.

* Consumer discretionary lost 1.8% and

industrials ended 0.7% lower.

* Shares of ATS Corporation tumbled nearly 27% after the

automation solutions provider's quarterly results missed

estimates.

* Restaurant Brands International beat overall

same-store sales growth expectations for the second quarter,

helped by resilient demand at its Burger King chain in the U.S.

Still, its shares were down 1.9%.

* Just two of the 10 major sectors notched gains, including

the materials group. It added 0.5%, while energy

ended 0.6% higher.

* The price of oil settled up 2.75% at $77.29 a

barrel on news an Iranian parliament committee is reviewing a

bill that would ban U.S. and Israeli vessels from the Strait of

Hormuz.

* Shares of Canadian Natural Resources ( CNQ ) rose 1.6%

after the company beat second-quarter profit estimates on higher

oil and natural gas production.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
GLOBAL MARKETS-Stocks drop as Mideast fighting reignites, Fed decision looms
GLOBAL MARKETS-Stocks drop as Mideast fighting reignites, Fed decision looms
Jul 29, 2026
(Updated in New York morning time) * Oil prices jump more than 6% as Middle East airstrikes resume * Markets fully price in Fed rate hike by September meeting * US 10-year Treasury yield rises 2.45 basis points to 4.629% By Karen Brettell July 29 (Reuters) - U.S. stocks fell while oil prices and Treasury yields climbed as fighting in...
CANADA STOCKS-TSX opens lower as Allied Gold slumps; focus on Fed decision
CANADA STOCKS-TSX opens lower as Allied Gold slumps; focus on Fed decision
Jul 29, 2026
July 29 (Reuters) - Canada's main stock index opened lower on Wednesday, easing from the last session's from record high, pressured by losses in Allied Gold ( AAUC ) after a proposed C$5.5 billion ($3.90 billion) sale to a Chinese company collapsed, while investors stayed on the sidelines ahead of the Federal Reserve's interest rate decision later in the day....
Asian Equities Traded in the US as American Depositary Receipts Track Lower in Wednesday Trading
Asian Equities Traded in the US as American Depositary Receipts Track Lower in Wednesday Trading
Jul 29, 2026
10:56 AM EDT, 07/29/2026 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were tracking lower Wednesday morning, declining 0.84% to 2,853.03 on the S&P Asia 50 ADR Index. From North Asia, the gainers were led by education company Four Seasons Education (FEDU) that rose 7% and mobile big data platform Aurora Mobile ( JG )...
CANADA STOCKS-TSX eases from record high as Allied Gold slumps; Fed decision in focus
CANADA STOCKS-TSX eases from record high as Allied Gold slumps; Fed decision in focus
Jul 29, 2026
July 29 (Reuters) - Canada's main stock index retreated on Wednesday from the last session's record high, dragged by losses in Allied Gold ( AAUC ) after its C$5.5 billion ($3.90 billion) sale was scrapped, while investors remained cautious ahead of the Federal Reserve's interest rate decision. The S&P/TSX Composite index dipped 0.6% to 35,544.99 points after rising for three...
Copyright 2023-2026 - www.financetom.com All Rights Reserved