Canada's main stock index fell on Thursday after hitting its highest level since August a day earlier, with energy stocks hurt by oil's pullback and financials down with bond yields and a Bank of Canada warning on the country's housing market. The Toronto Stock Exchange's S&P/TSX composite index has been moving steadily higher since a multi-year low in January, helped by a recovery in oil prices to around $50 a barrel from nearer $25.
The most influential movers on the index included Manulife Financial, which declined 2.5 percent to C$18.55. Toronto-Dominion Bank lost 0.7 percent to C$57.20, and Bank of Nova Scotia slipped 0.9 percent to C$66.32. The index ended down 73.08 points, or 0.51 percent, at 14,240.02. Eight of its 10 main groups fell, with two decliners for every gainer.
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