* TSX down 0.2% at 34,927.38
* Tech selloff spills into Canadian market
* Materials group falls 4.4% as gold slides
* Couche-Tard shares jump 11.7% after earnings beat
(Updates at market close)
By Tharuniyaa Lakshmi and Fergal Smith
TORONTO, June 23 (Reuters) - Canada's main stock index edged
down on Tuesday as lower commodity prices and a tech-led selloff
on Wall Street weighed on the market, with metal mining shares
leading the declines.
The Toronto Stock Exchange's S&P/TSX Composite Index
ended down 74.8 points, or 0.2%, at 34,927.38, after
clawing back much of its earlier declines.
* The Nasdaq and the S&P 500 posted steeper declines,
dragged down by sharp losses in semiconductor stocks as
investors scrutinized growing debt-funded AI spending and braced
for a more hawkish U.S. Federal Reserve.
* "You've got a broader tech selloff filtering into Canada,
plus a selloff in commodity prices," said Michael Dehal, senior
portfolio manager at Dehal Investment Partners at Raymond James.
* "The TSX is largely commodities-driven (so) we're getting
hit from both ends of the spectrum," Dehal said.
* The price of gold fell 1.9% as the U.S. dollar
climbed to a 13-month high against a basket of major
currencies on increased expectations of a Fed interest rate
hike.
* Copper was down 3.4%, while oil settled 0.9%
lower at $73.21 a barrel as investors kept a close watch on
crude flows through the Strait of Hormuz following signs of
progress in U.S.-Iran peace talks.
* The materials group tumbled 4.4%, while
technology ended 0.4% lower.
* Shopify Inc ( SHOP ) will ban all vapes from its platform
as soon as this week after pressure from a group of U.S. state
attorneys general. Shares of the e-commerce company ended 0.2%
higher.
* Seven of 10 major sectors notched gains, including
consumer staples, which jumped 4.1%.
* Alimentation Couche-Tard Inc ( ANCTF ) shares were up 11.7%
after the convenience store operator's quarterly results beat
estimates.