Canada’s TSX falls 0.2% as bank and mining losses outweigh energy gains

  • The S&P/TSX Composite Index closed lower as bank and mining shares declined.
  • The index fell 0.2% to 35,155, while RBC lost 0.7% and BMO fell 0.6%.
  • First Quantum gained 0.5% after a commission recommended Cobre Panamá framework talks.

Canada’s S&P/TSX Composite Index fell 0.2% to close at 35,155 on Thursday as elevated global bond yields weighed on bank and mining shares. RBC fell 0.7% and BMO lost 0.6%, while Agnico Eagle, Barrick and Franco-Nevada declined despite higher gold prices. First Quantum gained 0.5%, recovering part of the previous day’s 15.3% fall after a Panamanian government commission recommended formal talks on a new framework for the Cobre Panamá mine. Energy stocks advanced with oil prices, led by gains in Canadian Natural and Suncor, while technology shares followed Wall Street higher. The close followed an earlier decline in the index amid concerns over yields, trade friction and slowing Canadian manufacturing activity.

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