Tech Gloom Hits Canadian Shares

Germany's key index falls on lower machinery orders; techs and telecoms pull Japan's Nikkei lower

Canadian stocks finished mixed, with major indexes lower, as the tech-driven wreck continued to cast a pall of gloom over North American equity markets. The TSE 300 fell 61.72 points to 7444.80, pressured by losses in Industrial Products, Utilities, Financial Services and mining-related issues. Pipelines were the only subindex finishing with a gain on the session. Breadth was 650-559 positive. Government of Canada bonds closed lower in quiet trade; there were no economic releases to guide activity. The Canadian dollar was lower vs. the U.S. dollar. Energy and precious metals futures closed lower.

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