Last updated: November 24, 2017

TSX retreats from near 18-month high as bond yields rise

A man walks past an old Toronto Stock Exchange sign in TorontoBy Fergal Smith TORONTO (Reuters) – Canada's main stock index fell on Thursday, pulling back from an earlier near 18-month high as a jump in bond yields pressured defensive stocks, offsetting further gains for energy shares as oil rallied. The telecommunications group fell 1.3 percent, with BCE Inc down 1.5 percent at C$ 57.05, while consumer staples declined 1.7 percent as Alimentation Couche Tard Inc dropped 2.9 percent to C$ 60.19. Investors may be "beginning to think that there is a limit to how high the stock market can continue going up if bond rates also continue to go up," said Mathieu D'Anjou, senior economist at Desjardins Group.



Russia News Headlines – Yahoo! News

Keywords: , , , , , , ,


Readers Comments (0)


Sorry, comments are closed on this post.

Recent Posts

Have You Read?

Video News