Equities in Toronto fell by the end of Thursday's session, weighed most by resource stocks.
The TSX pointed downward 76.05 to conclude Thursday at 35,340.15.
The Canadian dollar lost 0.06 cents to 71.18 cents U.S.
In company news, Cogeco Communications missed third-quarter revenue estimates late on Wednesday, on a lower U.S. subscriber base.
Cogeco shares gave up early gains and fell $4.98, or 3.9%, to $122.71.
Among gold plays, 5N Plus swooned $3.13, or 8.6%, to $33.20, Americas Gold and Silver lopped off 39 cents, or 6.9%, to $5.25, and AbraSilver Resource handed over 83 cents, or 5.7%, to $13.74, BlackBerry fell to a three-week low, falling $2.13, or 14.2%, to $12.84.
TFI International emerged as the top gainer, rising $14.95, or 7.3%, to $220.45, after a rating upgrade by Scotiabank.
On the trade front, U.S. Trade Representative Jamieson Greer noted progress in formal trade talks with Mexico, while ?discussions with Canada ?had yet to produce concessions sought by President ?Donald Trump as he pushes to reduce U.S. trade ?deficits with the two countries.
Earlier this month, ?the Trump administration said it will not ?renew the USMCA ?trade agreement, but that the pact would remain in effect until the issues were ?resolved or the agreement terminated.
On the economic slate, Canada Mortgage and Housing Corporation reported housing starts were down 6% from the previous month to a seasonally adjust annual rate of 239,000 units in June, compared to a downwardly revised 253,000 units in May and falling short of markets expectations of 258,000 units.
ON BAYSTREET
The TSX Venture Exchange skidded 23.88 points, or 2.7%, to 853.91.
Seven of the 12 TSX subgroups were positive by the closing bell, led by industrials, up 2%, while consumer discretionaries and telecoms, each were better by 1.7%.
The five laggards were weighed most by gold, down 4%, materials, retreating 3.7%, and financials, off 0.6%.
ON WALLSTREET
Stocks fell on Thursday as a selloff in technology stocks overshadowed a raft of solid earnings reports.
The Dow Jones Industrials doffed 105.02 points to 52,553.62, thanks to a more than 3% advance in UnitedHealth, which easily topped earnings expectations.
Earnings season is off to a strong start this week. Of the 40 S&P 500 companies that have already reported, more than 87% reported positive surprises. The major banks, which are considered a bellwether for economic activity, crushed second quarter earnings expectations earlier in the week.
The S&P 500 index lost 38.52 points to 7,533.88
The NASDAQ Composite was clobbered 387.28 points, or 1.5%, to 25,881.95.
Taiwan Semiconductor declined by 3%, as an increase in its spending forecast overshadowed a better-than-expected second-quarter report.
The company expects capital expenditures to clock in between $60 billion and $64 billion for the year, up from a prior guidance in the range of $52 billion to $56 billion.
Shares of Micron Technology and Advanced Micro Devices were lower by more than 6% each. Broadcom was lower by more than 4%. The U.S.-listed shares of SK Hynix slid more than 11%.
Elsewhere in technology, shares of Alphabet dropped more than 4% as the company has reportedly delayed releasing its most powerful artificial intelligence model known as Gemini 3.5 Pro.
Other “Magnificent Seven” names Meta Platforms, Nvidia and Amazon were also in the red.
The latest raft of economic data continued to show a U.S. consumer holding up in the face of higher pricing pressures.
Jobless claims for the week ending July 11 came in at a seasonally adjusted 208,000, lower than the 218,000 expected by economists polled by Dow Jones. Retail sales met expectations, up 0.2%.
Prices for the 10-year Treasury hiked, lowering yields to 4.57% from Wednesday’s 4.55%. Treasury prices and yields move in opposite directions.
Oil prices dropped 54 cents to $79.06 U.S. a barrel.
Gold prices dumped $73.40 to $3,978.00 U.S. an ounce.
