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TSX falls as tech stocks weigh

07/26/2021 | 10:11am EDT

July 26 (Reuters) - Canada's main stock index fell on Monday, erasing initial gains at the open, as weakness in technology stocks offset gains in commodity-related shares.

* The technology sector fell 1.34% after touching a record high on Friday, with tech stocks including Shopify Inc and Blackberry Ltd among the top drags.

* At 9:45 a.m. ET (1345 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 38.71 points, or 0.19%, at 20,149.72.

* The energy sector climbed 0.9% as crude prices were steady as the spread of the COVID-19 Delta variant stoked fears over future fuel demand, but supply looked set to be tight through the rest of the year.

* The materials sector, which includes precious and base metals miners and fertilizer companies, added 1%.

* The financials sector slipped 0.1%. The industrials sector fell 0.6%.

* On the TSX, 102 issues were higher, while 126 issues declined for a 1.24-to-1 ratio to the downside, with 16.75 million shares traded.

* Biotech firm Trillium Therapeutics Inc fell 4.2%, the most on the TSX, and the second biggest decliner was marine port service provider Westshore Terminals Investment Corp , down 3.6%.

* The largest percentage gainer on the TSX was lithium miner Lithium Americas Corp, which jumped 7.0% on positive ruling on Nevada mine site.

* Its gains were followed by miner Teck Resources Ltd , which rose 4.3%.

* The most heavily traded shares by volume were Royal Bank of Canada, Bank of Montreal and Harte Gold Corp .

* The TSX posted no new 52-week highs and no new lows.

* Across all Canadian issues there were 44 new 52-week highs and four new lows, with total volume of 31.46 million shares. (Reporting by Amal S in Bengaluru; Editing by Shailesh Kuber)

© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BANK OF MONTREAL -0.74% 127.85 Delayed Quote.32.10%
BLACKBERRY LIMITED -0.23% 12.82 Delayed Quote.52.25%
HARTE GOLD CORP. 4.17% 0.0625 Delayed Quote.-47.92%
LITHIUM AMERICAS CORP. 3.15% 30.09 Delayed Quote.88.30%
ROYAL BANK OF CANADA -1.47% 127.66 Delayed Quote.22.06%
TECK RESOURCES LIMITED -3.94% 31.42 Delayed Quote.41.60%
TRILLIUM THERAPEUTICS INC. 0.46% 22.05 Delayed Quote.17.73%
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