Stocks Dip as Miners Slump
Baystreet·
- Canadian equity markets declined on Tuesday, with the TSX falling 301.15 points to 36,366.77 amid losses in mining and financial shares.
- Wall Street also dropped as rising sovereign bond yields, persistent inflation concerns, and a pullback in semiconductor stocks pressured the broader market.
- Domestic data showed Canadian home sales rose 0.5% in July for a fourth straight month, while housing starts decreased 5% to 229,074 units.