Tech stocks fall, setting TSX for worst day in practically two weeks

Toronto stocks faced declines on Monday, largely as stocks weighed in on increasing U.S. Treasury yields. Investors are eagerly awaiting inflation information this week, which will give much more insight into the Bank of Canada’s interest price outlook. At ten:22 a.m. ET, the S&P/TSX composite in Toronto was down .66% and is set for its worst day in practically two weeks. The technologies sector was specifically impacted, with a drop of .eight%. Actual estate stocks also fell .six% soon after a decline in Canadian housing started in August.