23.04.202620:39:18UTC+00TSX Slips as Tech and Gold Stocks Decline

The S&P/TSX Composite Index slipped 0.1% to close at 33,913 on Thursday, pressured by weakness in mining and technology shares. Gold producers retreated as bullion prices fell amid renewed inflation concerns and expectations that interest rates will remain elevated for longer, while oil prices advanced on escalating tensions in the Middle East. Agnico Eagle declined 2.2%, Barrick Gold lost 1.1%, and Wheaton Precious Metals dropped 2%. Technology names also came under pressure, with Shopify and Constellation Software each sliding 5.7%, and Open Text falling 4.9%, after disappointing first-quarter results from US software companies weighed on sector sentiment. In contrast, Waste Connections jumped 8.3% after reporting first-quarter revenue ahead of forecasts. Teck Resources gained 2.9%, supported by better-than-expected first-quarter profits, driven by higher copper prices and record sales.