By Ketki Saxena
Investing.com -- Canada’s main stock index, the S&P/TSX Composite Index, tracked Wall Street lower as US Treasury yields continued near 5%.
Investors digested the news that the U.S. economy grew faster than expected in the third quarter, once more defying expectations, and megacaps continued to pressure indices after mixed earnings.
Falling crude prices also pressured the commodity-heavy Canadian index, as tensions in the Middle East de-escalated.
Toronto Stock Market News
Canadian Utilities (TSX:CU) announced Q3 adjusted earnings of $87 million or $0.32 on a per-share basis, compared to $120 million or $0.45 per share this time last year.
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In Canadian Economics
Statistics Canada data showed the number of Canadian employees receiving pay and benefits from their employer declined by 46,800, or 0.3%, in August, after being little changed in July.
StatsCan flash estimate data also showed that Canadian factory sales likely fell 0.1% in September from August on a preliminary basis.