Equities in Canada’s largest market Tuesday handed back some of the hefty gains they’d made over the past few sessions, as energy and real-estate took a fair bit of punishment.
The S&P/TSX Composite Index finished Tuesday down 141.17 points to 15,833.74.
The Canadian dollar retreated 0.15 cents at 74.58 cents U.S.
Energy stocks were bruised worst of all Tuesday, with Shawcor getting hit 83 cents, or 16.2%, to $4.30, while Secure Energy Services lost 19 cents, or 8.4%, to $2.06.
In real-estate, Brookfield Property Partners shed $1.23, or 6.6%, to $17.33, while H&R REIT doffed 63 cents, or 5.2%, to $11.40.
Health-care stocks were among the big performers Monday, but ran out of juice Tuesday, with HEXO handing back 10 cents, or 6.4%, to $1.46, while Aurora Cannabis dropped $1.13, or 5.4%, to $19.89.
Gold stocks tried to balance things out, as Centerra Gold surged 72 cents, or 5.8%, to $13.22, while Novagold hiked 59 cents, or 5.5%, to $11.34.
In other resources, Endeavour Mining climbed 86 cents, or 2.8%, to $31.87, while Agnico Eagle Mines acquired $1.81, or 2.4%, to $78.91.
Tech shares advanced as well, with Kinaxis gaining $5.02, or 3.1%, to $169.42, while Shopify piled on $21.90, or 2.2%, to $997.65.
On the economic front, the oil-producing nations that make up OPEC+ (Organization of the Petroleum Exporting Countries, plus allies) agreed Saturday to extend record cuts of 9.7 million barrels per day (bpd) until the end of July.
The Saudis later said however, their country, Kuwait and the United Arab Emirates would not extend cuts of 1.18 million bpd they are currently making on top of that OPEC+ target.
ON BAYSTREET
The TSX Venture Exchange let go of 0.33 points to 564.79.
Eight of the 12 TSX subgroups were in the red Tuesday, with energy sliding 2.7%, while real-estate declined 2.5%, and health-care issues faded 1.9%.
The four gainers were led by gold, up 2.5%, materials, ahead 1.2%, and information technology up 0.4%.
ON WALLSTREET
The NASDAQ Composite rallied to a record high on Tuesday, briefly breaking above 10,000 for the first time, as traders loaded up on major technology names while taking profits from stocks that benefit from the economy reopening.
The Dow Jones Industrials sank 300.14 points, or 1.1%, to end Tuesday at 27,272.30, to snap the index’s six-day winning streak.
The S&P 500 gave back 25.21 points to 3,207.18.
The NASDAQ added to Monday’s all-time high by 29.01 points to 9,953.75.
Amazon picked up 3% and Apple gained 3.1%, with each notching all-time highs during the session. Facebook advanced 3.1% and Netflix rose 3.5%. Google-parent Alphabet added 0.3%.
United Airlines and Delta Air Lines each dropped more than 7.5%. Cruise lines Carnival declined 7.5%, and Royal Caribbean docked 10.1%. Retail-related trades Gap and Simon Property Group dropped as well.
Prices for the 10-Year Treasury were higher, lowering yields to 0.82% from Monday’s 0.87%. Treasury prices and yields move in opposite directions.
Oil prices gained 36 cents to $38.75 U.S. a barrel.
Gold prices regained $15.50 to $1,720.60 U.S. an ounce.