The main Canadian stock index fell on Friday, a day after posting its worst session in nearly a month, with energy and materials stocks following weakness in commodities.
The energy sector fell 1.3% on falling oil prices as the collapse in bond prices led to gains in the US dollar. The supply of crude is expected to increase in response to the price hike above pre-pandemic levels.
The materials sector, which includes precious and base metal mining companies and fertilizer companies, lost 1.1% as gold futures fell 0.9% to 1 $ 757.8 per ounce.
At 9:35 a.m. ET (2:35 p.m. GMT), the Toronto Stock Exchange’s S & P / TSX Composite Index was down 41.5 points, or 0.23%, to 18,182.04.
Locally, data showed that domestic producer prices rose 2% in January compared to December.
Miner MAG Silver Corp fell 3.4%, the highest on the TSX, and the second biggest decline was Pembina Pipeline Corp, down 3.1% after the oil producer said it could plus predict a start date for the Jordan Cove liquefied natural gas export plant in Oregon.
The financial sector fell 0.3%. The industrial sector increased by 0.2%.
On the TSX, 77 issues were up, while 135 issues were down for a downside 1.75 to 1, with 12.54 million shares traded.
The biggest percentage gains on the TSX were Aecon Group Inc, which jumped 5% after the construction company reported bullish fourth quarter earnings, and pot producer Aphria Inc, which rose 3%. %.
The most traded stocks by volume were ClearStream Energy Services Inc, Northern Dynasty Minerals Ltd and Nexgen Energy Ltd.
The TSX posted no new 52-week highs and no new lows.
Among all Canadian issues, there were 11 new 52-week highs and seven new lows, with total volume of 32.97 million shares.