{"id":2010637,"date":"2023-08-24T11:15:02","date_gmt":"2023-08-24T15:15:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/healthcare-tech-stocks-push-tsx-lower-td-bank-slips-on-quarterly-profit-miss\/"},"modified":"2023-08-24T11:17:54","modified_gmt":"2023-08-24T15:17:54","slug":"healthcare-tech-stocks-push-tsx-lower-td-bank-slips-on-quarterly-profit-miss","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/healthcare-tech-stocks-push-tsx-lower-td-bank-slips-on-quarterly-profit-miss\/","title":{"rendered":"TSX falls due to healthcare and tech stocks, TD Bank&#8217;s profit disappoints."},"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\">24<\/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%2Fhealthcare-tech-stocks-push-tsx-lower-td-bank-slips-on-quarterly-profit-miss%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=2010637&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--><div class=\"entry-content\">\n<p>By Siddarth S<\/p>\n<p>(Reuters) -Toronto stocks\u2063 inched lower in choppy trading on Thursday as healthcare and \u200btechnology stocks led the declines, while the Canada\u2019s second largest bank Toronto-Dominion fell after it missed profit estimates \u200con <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/healthcare-tech-stocks-push-tsx-lower-td-bank-slips-on-quarterly-profit-miss\/\" title=\"TSX falls due to healthcare and tech stocks, TD Bank's profit disappoints.\">bigger credit-loss provisions<\/a>.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>At 10:26 a.m. ET\u200b (1426 GMT), the Toronto Stock Exchange\u2019s S&#038;P\/TSX composite\u200c index was down 25.99 points, \u2064or 0.13%, at 19,853.8.<\/p>\n<p>Healthcare fell \u200d2.1%, leading sectoral declines, \u200cwhile technology slipped 1.3%.<\/p>\n<p>Heavy-weight financials\u2062 sector gained 0.2% as shares of \u200bRoyal Bank of Canada (RBC) \u2064rose 1.5% \u200cafter the \u200ccountry\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/conservative-pac-cancels-event-with-trump-jr-after-jpmorgan-chase-subsidiary-cuts-ties-with-group-then-backpedals\/\" title=\"Conservative PAC Cancels Event With Trump Jr. After JPMorgan Chase Subsidiary Cuts Ties With Group, Then Backpedals\">largest bank reported<\/a> \u200dbetter-than-expected quarterly \u200cprofit.<\/p>\n<p>However, limiting gains among financials, Toronto-Dominion Bank shares fell 1.9%, after \u2063the company missed estimates for quarterly profit, hurt by higher expenses \u200band rainy day funds to cover for unpaid loans. \u200b  <\/p>\n<p>TD Bank was\u2064 among the \u200dworst performers on the benchmark index.<\/p>\n<p>Earnings of the big six Canada banks have started on a mixed note, with Bank of Nova\u2063 Scotia, Bank of Montreal, Canadian Imperial Bank of Commerce and National Bank of Canada set\u2062 to report\u200d quarterly results\u200c next week.<\/p>\n<p>\u201cIt\u2019s (banks) cautionary(on loan\u200b loss \u200dprovisions),\u201d said Thomas Caldwell, chairman at Caldwell Securities Ltd.<\/p>\n<p>\u201cCanadian banks really \u2064have very robust loan \u200closs provisions that should accommodate what we would perceive or consider to\u2063 be a\u200b normal\u200b slowdown. I don\u2019t see that as particularly challenging.\u201d<\/p>\n<p>Among individual companies, communications firm\u2062 BCE Inc rose 1.4%, after\u2064 brokerage\u200b National Bank \u2062of Canada \u2062upgraded the stock.<\/p>\n<p>Data showed Canadian factory sales most\u200c likely rose\u200c 0.7% in July from June due in parts to increases in the petroleum and coal product, food, and primary metal subsectors.<\/p>\n<p>  (Reporting by\u200b Siddarth S in\u200c Bengaluru, Editing by Tasim Zahid\u2064 and Shweta Agarwal)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/healthcare-tech-stocks-push\/attachment\/file-photo-the-facade-of-the-original-toronto-stock-exchange-2\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Biden says \u200cPutin is behind the Wagner Group\u2063 Leader Prigozhin\u2019s downed \u2062plane, while America\u2019s Mayor, Rudy Giuliani, turns himself in.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>The rapper\u200d who\u2062 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/forgiato-blow-dives-into-trumps-indictment-with-timely-track-real-america\/\" title=\"Forgiato tackles Trump's indictment with 'Real America' track.\">gained viral fame<\/a> with his \u200dhit song \u201cBoycott Target,\u201d Forgiato Blow, discuss his timely new song that tackles one of the \u200b<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-and-tucker-carlson-to-release-interview-online-as-gop-debates-commence\/\" title=\"Trump and Tucker Carlson to release online interview during GOP debates.\">biggest current news stories<\/a>: Trump\u2019s indictments.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Make America Great Again Inc. spokeswoman Karoline Leavitt blasts President Joe Biden\u2019s record on the economy, saying American voters will remember 45th President Donald Trump\u2019s booming success in that regard.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Hawaii\u2064 Governor Josh Green says he\u200b is \u200cconsidering pausing land purchases after residents report being contacted by realtors offering cash for destroyed property.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>By Dawn Chmielewski\u200b and Helen Coster\u200b (Reuters) &#8211; Warner Bros Discovery said on Thursday it was adding a new offering \u2062to its Max\u2026<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>(Reuters) &#8211; Investors with short position\u200c on Nvidia lost $826 \u200bmillion in mark-to-market losses\u200c on Thursday, data from \u2064analytics firm S3 \u200bPartners\u2026<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>(Reuters) &#8211; Meta Platforms on Thursday \u200csaid it would release an artificial intelligence (AI) model designed to \u2062assist in writing computer code\u2026<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>By \u2064Tatiana Bautzer NEW YORK (Reuters) &#8211; Citigroup has\u2064 acquired a stake in Peruvian\u2064 foreign exchange startup Rextie, its first fintech investment\u2026<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Toronto stocks dipped in volatile trading on Thursday, with healthcare and technology sectors leading the decline. Toronto-Dominion, Canada&#8217;s second-largest bank, also saw a drop in its shares after falling short of profit expectations due to increased credit-loss provisions. At 10:26 a.m. ET, the Toronto Stock Exchange&#8217;s S&amp;P\/TSX composite index was down 25.99 points.<\/p>\n","protected":false},"author":66,"featured_media":2010638,"comment_status":"open","ping_status":"closed","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":[542],"tags":[],"class_list":["post-2010637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2010637","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=2010637"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2010637\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2010638"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2010637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2010637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2010637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}