Canadian Market Notably Lower As Technology, Materials Shares Decline Sharply
(RTTNews) - The Canadian market is down in negative territory on Wednesday, weighed down by losses in technology sectors after Dutch semiconductor firm ASLM issued a profit warning. Materials shares are the other major losers.
The benchmark S&P/TSX Composite Index was down 153.70 points or 0.67% at 22,841.69 a little while ago.
The Information Technology Capped Index is down nearly 3%. Celestica Inc (CLS.TO) is down more than 8%, and Shopify Inc (SHOP.TO) is lower by 7.3%. Converge Technology Solutions (CTS.TO) is down 6%. Coveo Solutions (CVO.TO), Descartes Systems Group (DSG.TO), Tecsys Inc (TCS.TO), Docebo Inc (DCBO.TO) and Lightspeed Commerce (LSPD.TO) are down 2 to 5%.
BlackBerry (BB.TO) is down about 1.1%. The company today announced the launch of CylanceMDR Pro, a cutting-edge managed detection and response or MDR service built on an Open XDR platform powered by AI. CylanceMDR Pro will be available July 31.
Materials stock Aya Gold & Silver Inc (AYA.TO) is down more than 6%. Equinox Gold Corp (EQX.TO), Fortuna Silver Mines (FVI.TO), Ero Copper Corp (ERO.TO), Silvercrest Metals (SIL.TO), New Gold (NGD.TO), First Majestic Silver Corp (AG.TO) and Lundin Mining Corp (LUN.TO) are down 3 to 4.5%.
Sensex, Nifty Likely To Follow Asian Peers Lower
Japanese Market Significantly Higher
Steady Start Eyed For Thai Stock Market
Indonesia Stock Market Due For Support On Wednesday
Australian Market Modestly Lower
Rally May Stall For Hong Kong Stock Market
China Stock Market May Reverse Tuesday's Losses
