- The main Canadian index closed 0.8% down at 19,078.64 on Wednesday.
- Its tech stock plunged by 2.2% during the session.
- The energy sector sank 3.7% on Wednesday.
Wednesday, June 29, saw the S&P/TSX composite index slip into the red territory again as the energy and technology sectors noted declines. The fall seems to have been triggered by rising concerns about a possible recession in the wake of tightening policies to rein in inflation.
The Canadian benchmark index dwindled by 144.10 points, or 0.8%, to end the session at 19,078.64 on Wednesday, marking a quarter-to-date (QTD) decline of 12.8%. Some market experts believe that Q2 2022 could see the worst quarterly performance for the TSX since the COVID-led crash in 2020.