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Reuters

Canada's TSX declines as rising yields dent sentiment; energy stocks gain

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Canada's TSX declines as rising yields dent sentiment; energy stocks gain
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Canada’s S&P/TSX Composite edged lower on Tuesday, slipping 0.8% to 35,971.23 by 09:56 a.m. ET (1356 GMT), close to four-week lows. The decline was driven by rising bond yields and a drop in precious metals prices, which weighed on risk appetite. Oil prices provided a partial offset, as they moved higher and helped keep broader losses in check. The session highlighted how rates and commodities are still steering investor sentiment in Toronto, even as energy shares gained some support relative to other sectors.

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