S&P/TSX composite index closes down in broad-based decline

WATCH ABOVE: AI chip giant Nvidia has become Wall Street's most valuable company, overtaking Microsoft. Amandalina Letterio has the details and more in Business Matters for June 19, 2024.Canada’s main stock index closed down Wednesday in a broad-based decline on subdued trading while U.S. markets were closed.index down about 4.4 per cent in the last month, while the S&P in New York is up 3.5 per cent, said Michael Currie, senior investment adviser at TD Wealth.

“It’s certainly not crashing by any stretch, but the general trend has been negative and that seems to be more of what’s continuing today.”The holiday led to more subdued trading in Canada as well, with about 96 million shares traded on the TSX compared with an average volume of 226 million. The rise in the dollar came the same day the Bank of Canada released deliberations around its decision earlier in June to lower its key rate for the first time in more than four years.

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