• Fri. Sep 22nd, 2023

Technology Stocks Decline, Setting TSX up for Its Worst Day in Almost 2 Weeks

ByEditor

Sep 18, 2023
Technology Stocks Decline, Setting TSX up for Its Worst Day in Almost 2 Weeks

Toronto stocks faced a decline on Monday, mainly due to technology shares being affected by rising U.S. Treasury yields. Investors are eagerly awaiting inflation data this week, which will provide more insight into the Bank of Canada’s interest rate outlook. At 10:22 a.m. ET, the Toronto Stock Exchange’s S&P/TSX composite index was down by 0.66% and set to experience its worst day in almost two weeks. The technology sector was particularly affected, with a 0.8% dip. Real estate stocks also fell by 0.6% after a decline in Canadian housing starts in August.