Technologies Stocks Decline, Setting TSX up for Its Worst Day in Virtually two Weeks

Toronto stocks faced a decline on Monday, mostly due to technologies shares becoming impacted by increasing U.S. Treasury yields. Investors are eagerly awaiting inflation information this week, which will present far more insight into the Bank of Canada’s interest price outlook. At ten:22 a.m. ET, the Toronto Stock Exchange’s S&ampP/TSX composite index was down by .66% and set to practical experience its worst day in virtually two weeks. The technologies sector was especially impacted, with a .eight% dip. True estate stocks also fell by .six% soon after a decline in Canadian housing begins in August.