Canadian Stocks Fall Wednesday

Stocks in Canada slipped Wednesday, as the S&P/TSX Composite Index declined 0.4% to 21516.90. The blue-chip S&P/TSX 60 dropped 0.5% to 1,283.27.

Among large companies, Canfor Corp. posted the largest decline, falling 2.9%, followed by shares of Foran Mining Corp., which fell 2.9%. Shares of Hammond Power Solutions Inc. Cl A fell 2.6%.

Molson Coors Canada Inc. Cl A was the biggest gainer during the session, surging 6.2%, and Ivanhoe Electric Inc. surged 3.2%. Galaxy Digital Holdings Ltd. rounded out the top three movers on Wednesday, as shares gained 2.9%.

On the currency front, the WSJ Dollar Index held steady at 99.88. Locally, the dollar was equivalent to CAD0.73, steady from the prior day.

In the bond markets, the yield on 10-year Canadian government bonds increased 1.440 basis points to 3.275%.

Corrections & Amplifications

This item was corrected on June 27, 2024. In the original version, the last sentence referred to the 10-year U.S. Treasury yield but the U.S. bond market was closed for the Juneteenth holiday. The reference has been removed.

(END) Dow Jones Newswires

June 19, 2024 17:48 ET (21:48 GMT)

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