empty

29.10.202614:08:48UTC+00TSX Slips on Mining Losses

The S&P/TSX Composite Index slipped below 36,500 on Thursday, dragged lower by weakness in the mining sector as declining gold prices pressured major producers. Agnico Eagle fell nearly 4%, Wheaton Precious Metals lost almost 3%, and Barrick declined 2%. Several miners released third-quarter results after Wednesday’s close. Kinross and First Quantum both beat profit expectations but still dropped about 6% each, while Alamos missed estimates and sank 8%. In the technology sector, the index was weighed down by mixed earnings from major US companies, with Celestica sliding more than 4.5% and Shopify falling 2%. By contrast, bank stocks advanced as lower oil prices eased inflation worries and reinforced expectations that interest rates will remain elevated for longer. RBC, TD Bank, and BMO each rose more than 0.5%, while Scotiabank and CIBC gained nearly 1%.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In October we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback