CANADA STOCKS-Toronto index slips on weakness in tech, healthcare stocks

By Amal S

March 24 (Reuters) – Canada’s main inventory index reversed from early gains to trade decreased on Thursday as weak spot in technological know-how and healthcare stocks countered a rise in miners fueled by bigger gold selling prices.

At 10:22 a.m. ET (14:22 GMT), the Toronto Inventory Exchange’s S&P/TSX composite index .GSPTSE was down 52.66 points, or .24%, at 21,879.52.

The technologies sector fell 1.5%, with e-commerce business Shopify Inc Shop.TO down 3.%.

Healthcare shares .GSPTTHC lose 1.4%, with pot producers Aurora Cannabis Inc ACB.TO, Canopy Growth CorpWEED.TO, Cronos Group Inc CRON.TO getting rid of among 1.8% and 2.8%.

The products sector .GSPTTMT, which consists of valuable and foundation metals miners and fertilizer businesses, received .4% as issues all over the Ukraine disaster lifted costs of safe and sound-haven gold. GOL/

“Its just type of a quit working day exactly where matters are just variety of bouncing again and forth,” said Colin Cieszynski, main marketplace strategist at SIA Wealth Management.

The electricity sector .SPTTEN dropped .8% as U.S. crude CLc1 charges were down 1.4% a barrel, while Brent crude LCOc1 dropped 1.3%. O/R

Among the unique shares, Brookfield BAMa.TO fell .2%. A device of the firm and fund manager Morrison & Co have entered an exclusivity deed with Uniti Team UWL.AX, right after a Macquarie-led MQG.AX consortium supplied A$5 for each share ($3.73) for the Australian telecom business.

HIGHLIGHTS

The TSX posted 4 new 52-week highs and no new lows.

Throughout all Canadian issues there had been 22 new 52-week highs and 22 new lows, with total volume of 75.49 million shares.

(Reporting by Amal S in Bengaluru Modifying by Aditya Soni )

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