Toronto stocks sank Thursday, putting an end to a run of five consecutive record-setting positive sessions, as investors reacted to a drop in resource prices and crystallized recent gains.
The S&P/TSX composite index dropped 196.24 points, or 1.39%, to 13,946.27.
All 10 TSX main sub-groups were down.
The energy sector fell 2.04%.
Light, sweet crude for July delivery dropped $1.59, or 2.4%, to close at US$64.18 a barrel.
Imperial Oil Ltd. fell $1.05, or 2.06%, to $49.80.
The materials sector fell 2.49%, while the gold sub-sector fell 2.56%.
Gold futures fell $2.00 to US$660.60 an ounce.
Kinross Gold Corp. fell 50¢, or 3.48%, to $13.85.
Financials fell 0.28% despite very positive earnings report from Toronto-Dominion Bank.
TD Bank gained 21¢, or 0.30%, to $70.74 as the country’s second-largest bank announced a quarterly profit of $879 million, an earnings jump of 19% from the same period last year.
Power Financial Corp. fell 57¢, or 1.35%, to $41.59.
The S&P/TSX Venture Exchange sank 72.93 points, or 2.22%, to 3,205.99.
In New York, markets fell as investors chose to take profits.
The Dow Jones industrial average fell 84.52, or 0.62%, to 13,441.13, the Nasdaq composite index fell 39.13, or 1.52%, to 2,537.92 and the S&P500 dipped 14.77, or 0.97%, to 1,507.51.