* TSX ends down 0.1% at 33,912.93
* Tech falls 4.5%, with Shopify ( SHOP ) down 5.7%
* Energy adds 1.8% as oil settles 3.1% higher
* Teck rises 2.8% after earnings beat
(Updates at market close)
By Fergal Smith
April 23 (Reuters) - Canada's main stock index edged
lower on Thursday, led by declines for technology and metal
mining shares, as investors weighed evidence that the war in the
Middle East is hurting the global economy.
The Toronto Stock Exchange's S&P/TSX Composite Index
ended down 42.18 points, or 0.1%, at 33,912.93.
There are signs that the war is beginning to weigh on the
global economy and specific industries, Colin Cieszynski, chief
market strategist at SIA Wealth Management, said in a note.
"Higher energy prices are now filtering into corporate
outlooks and forward expectations," Cieszynski said.
The global economy is facing ever more tangible strains from
the energy shock triggered by the Iran war as factories grapple
with soaring production costs and activity weakens even in
services sectors, major surveys showed.
Canadian producer prices rose 2.4% in March from February on
higher prices for energy and petroleum products, as well as
chemical products, linked to the closure of the Strait of
Hormuz.
The price of oil settled 3.1% higher at $95.89 a barrel
after reports that air defenses were engaging targets over
Tehran and of a power struggle between Iranian hardliners and
moderates.
Technology fell 4.5%, with shares of Shopify ( SHOP )
and Constellation Software ( CNSWF ) both down 5.7%, as
U.S. corporate results revived concerns that the software
sector's traditional business models could be upended by new AI
tools.
The materials group, which includes metal mining
shares, ended 1.5% lower as gold and copper prices
fell.
Teck Resources ( TECK ) beat analysts' estimates for
first-quarter profit, aided by an increase in copper prices and
record sales, while the company's proposed merger with Anglo
American remained on track. The miner's shares rose
2.8%.
Industrials also added 2.8% as railroad stocks
notched gains and after solid waste operator Waste Connections ( WCN )
beat first-quarter revenue estimates, sending its
shares 8.3% higher.
Energy was up 1.8%.