{"id":1585489,"date":"2022-08-02T17:55:52","date_gmt":"2022-08-02T21:55:52","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1585489"},"modified":"2022-08-02T17:56:01","modified_gmt":"2022-08-02T21:56:01","slug":"tsx-gives-back-some-recent-gains-as-resource-shares-fall","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tsx-gives-back-some-recent-gains-as-resource-shares-fall\/","title":{"rendered":"TSX gives back some recent gains as resource shares fall"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftsx-gives-back-some-recent-gains-as-resource-shares-fall%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1585489&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Fergal Smith<\/p>\n<p>TORONTO (Reuters) \u2013     Canada\u2019s main stock index fell on Tuesday, giving back some recent gains, as a slowdown in manufacturing activity as well as rising tensions between the United States and China dented investor sentiment.<\/p>\n<p>The Toronto Stock Exchange\u2019s S&#038;P\/TSX composite index closed down 187.59 points, or 0.95%, at 19,505.33, as trading resumed following a market holiday on Monday.<\/p>\n<p>On Friday, the index notched its highest closing level in nearly seven weeks.<\/p>\n<p>Wall Street also fell on Tuesday as U.S. House of Representatives Speaker Nancy Pelosi visited Taiwan, in a move that was condemned by China.<\/p>\n<p>Meanwhile, data showed that Canadian manufacturing activity lost further momentum in July as production and new orders declined for the first time since the early stages of the coronavirus pandemic.<\/p>\n<p>\u201cBusinesses have right now shrunk down with rising labor costs and higher interest rates,\u201d said Allan Small, senior investment advisor at Allan Small Financial Group. \u201cYou can\u2019t keep expanding, you can\u2019t keep hiring and you can\u2019t keep growing the business when conditions are not favorable.\u201d <\/p>\n<p>The materials sector fell 2.3%, pressured by a decline in copper and gold prices, while energy ended nearly 2% lower.<\/p>\n<p>Heavily-weighted financials fell 0.8%, with Toronto Dominion Bank down 0.4% after it said it will buy New York-based boutique investment bank Cowen Inc for $1.3 billion in cash.<\/p>\n<p>In contrast, shares of e-commerce giant Shopify Inc rallied 8.9%, adding their recent rebound.<\/p>\n<p> (Additional reporting by Bansari Mayur Kamdar and Johann M. Cherian in  Bengaluru; Editing by Marguerita Choy)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/?attachment_id=2733329\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/tagreuters.com2022binary_LYNXMPEI710GG-VIEWIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI710GG-VIEWIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Fergal Smith TORONTO (Reuters) \u2013 Canada\u2019s main stock index fell on Tuesday, giving back some recent gains, as a slowdown in manufacturing activity as well as rising tensions between<\/p>\n","protected":false},"author":66,"featured_media":1889010,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1585489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/www.oann.com\/tsx-gives-back-some-2\/?utm_source=rss&utm_medium=rss&utm_campaign=tsx-gives-back-some-2","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1585489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1585489"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1585489\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1889010"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1585489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1585489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1585489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}