Equities in Toronto still found themselves in the same funk in which they’ve been all week, with energy and real-estate issues the main culprits Thursday.
The TSX lost 125.05 points to greet the closing bell Thursday at 19,580.90.
The Canadian dollar added 0.08 cents to 76.05 cents U.S.
Energy stocks let the side down, with Baytex Energy skidding 29 cents, or 6.5%, to $3.99, while Spartan Delta took it on the chin, losing 26 cents, or 4.8%, to $5.12.
In real-estate, First Capital REIT units handed back 50 cents, or 3.5%, to $13.93, while units of Northwest Health-care Properties REIT slipped 24 cents, or 3.5%, to $6.60.
In consumer discretionary stocks, Linamar jettisoned $2.72, or 3.9%, to $67.38, while Magna International spun off $2.55, or 3.5%, to $70.22.
Industrial finished in the green, however, led by Badger Infrastructure, vaulting 56 cents, or 2.2%, to $25.76, while Canadian Pacific surged $1.75, or 1.7%, to $106.13.
Among consumer staples, Empire Company took on $1.38, or 4.1%, to $35.20, while Loblaw Companies gained $1.08 to $115.85.
All but two of the 12 TSX subgroups moved earthward, with energy down 2%, while real-estate declined 1.5%, while consumer discretionary slid 1.4%.
The two gainers were industrials, gained 0.5%, and consumer staples, which progressed 0.4%.
ON BAYSTREET
The TSX Venture Exchange let go of 7.52 points, or 1.2%, to 600.74.
ON WALLSTREET
The NASDAQ Composite rose Thursday after three straight losing days as investors resumed buying tech stocks.
The Dow Jones Industrials fell 4.81 points short of breakeven to finish Thursday at 33,946.71.
The S&P 500 picked up 16.2 points to 4,366.07.
The tech-heavy NASDAQ index recovered 56.63 points to 13,558.83.
Investors snapped up some major tech stocks that got dinged this week. Tesla shares were higher, despite falling earlier, even after the second major Wall Street bank in as many days downgraded the high-flying retail trader darling that has doubled this year. Meanwhile, shares of Amazon were higher by more than 3%. Microsoft and Apple rose more than 1%.
Elsewhere, Boeing supplier Spirit AeroSystems dropped 9% after the company halted production in its Kansas facility. This follows a worker strike announcement, set to start Saturday. Separately, Boeing shares also dropped more than 2%, weighing on the Dow.
Investors digested higher-than-expected weekly jobless claims data Thursday morning. The U.S. Labor Department reported first-time filings for unemployment benefits totaled 264,000 for the week ended June 17. Economists polled by Dow Jones were expecting a total of 256,000.
The Bank of England raised interest rates by 50 basis points on Thursday, its 13th consecutive increase. The decision follows this week’s latest inflation data for the U.K., which showed a higher-than-expected reading of 8.7% in May.
Prices for the 10-year Treasury sagged, raising yields to 3.80% from Wednesday’s 3.72%. Treasury prices and yields move in opposite directions.
Oil prices lost $3.12 to $69.41 U.S. a barrel.
Gold prices dulled $20.40 to $1,924.50 U.S. an ounce.