Candax, energy sector weigh on Canada stocks

SAN FRANCISCO (MarketWatch) -- The Canadian market slumped Wednesday, dragged down by weakening mining, energy, and tech stocks. Toronto's benchmark index was down 43 points, or 0.4%, to 11,745, snapping a two-day winning streak. Information technology stocks /zigman2/quotes/210598463/delayed XX:TORGC194 +1.24% led decliners, falling 1.7%, followed by the metals and mining sector , down 1.5%. Oil and gas producer Candax Energy took a major hit, dropping 10%, and Capstone Mining /zigman2/quotes/209663346/delayed CA:CS +5.40% slipped 4.7%. Blackberry maker Research in Motion also suffered early downside, falling 4.2%. Among poor performing gold stocks were Yamana Gold , down 2.9%, and Kinross Gold /zigman2/quotes/200423011/delayed CA:K +0.25% , dropping 3.2%. The greenback made headway on Canada's currency /zigman2/quotes/210561978/realtime/sampled USDCAD -0.4646% , with one U.S. dollar purchasing C$1.0194 vs. C$1.0179 Tuesday.

/zigman2/quotes/210598463/delayed

Add to watchlist XX:TTTK

S&P/TSX Capped Information Technology Index

XX : Canada: Toronto

207.35

+2.53 +1.24%

Volume: 21.03M

Dec. 1, 2023 4:43p

/zigman2/quotes/209663346/delayed

Add to watchlist CA:CS

Capstone Copper Corp.

CA : Canada: Toronto

$ 5.86

+0.30 +5.40%

Volume: 1.33M

Dec. 1, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$3.86 billion

Rev. per Employee

$216,070

/zigman2/quotes/200423011/delayed

Add to watchlist CA:K

Kinross Gold Corp.

CA : Canada: Toronto

$ 8.02

+0.02 +0.25%

Volume: 3.35M

Dec. 1, 2023 4:00p

P/E Ratio

30.44

Dividend Yield

2.02%

Market Cap

$9.82 billion

Rev. per Employee

$884,940

/zigman2/quotes/210561978/realtime/sampled

Add to watchlist USDCAD

Canadian Dollar

US : Tullett Prebon

1.3498

-0.0063 -0.4646%

Volume: 0.0000

Dec. 1, 2023 4:59p