Negative Finish for TSX

(MENAFN – Baystreet.ca) Stocks in Toronto finished off a lackluster day Thursday on the downside, weighed predominantly by health-care and gold weakness.
The S&P/TSX Composite Index faltered 35.39 points to close Thursday at 16,527.90
The Canadian dollar squeezed up 0.05 cents to 76.54 cents U.S.
Health stocks took the worst pounding, as Canopy Growth suffered $2.11, or 4.2%, to $48.49, while Bausch Health Companies sliding $1.26, or 3.9%, to $31.35.
Gold took some knocks, primarily, Alacer Gold, skidding eight cents, or 1.8%, to $4.38, while Kinross Gold dropped 13 cents, or 2.4%, to $5.26.
Materials also slumped, as Fortuna Silver Mines slipped 14 cents, or 3.7%, to $3.63, while Interfor lost 47 cents, or 3.7%, to $12.26.
Communications finished positive, however, as Cogeco Communications popped $5.30, or 5.7%, to $99.15, while Shaw Communications hiked 20 cents to $26.68.
Consumer discretionary tried to make a go of it Thursday, as Dollarama hustled 76 cents, or 1.5%, to $49.96, and Hudson’s Bay Company triumphed 18 cents, or 1.8%, to $93.24.
Industrials crept up, as Cargojet soared $3.08, or 3.5%, to $90.86, and SNC Lavalin took on 25 cents, or 1%, to $25.03.
On matters macroeconomic, Statistics Canada’s new housing price index was released for May, with the figure down 0.1%, after remaining unchanged for three consecutive months.
ON BAYSTREET
The TSX Venture Exchange slid 5.45 points to close at 580.40
All but three of the 12 Toronto subgroups were lower, as health-care collapsed 2.6%, while gold dulled in price 1%, and materials weakened 0.7%.
The three gainers were communications, up 0.5%, consumer discretionary stocks gained 0.2%, and industrials forged ahead 0.1%
ON WALLSTREET
The Dow Jones Industrial Average rallied to a record high on Thursday, led by UnitedHealth shares, after testimony by Federal Reserve Chair Jerome Powell this week that signaled easier monetary policy could be implemented later this month
The 30-stock index leaped 227.88 points to 27,088.88,

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