Canada Stocks: TSX's winning streak ends as mining shares fall

OR Royalties

05/07/2023 21:24

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      TSX ends down 0.5% at 20,103.89
    

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      Materials group falls 1.4%
    

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      Osisko Gold Royalties shares tumble after CEO change
    

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      Teck Resources declines 3.1%
    

  
 (Updated throughout to market close)
    By Shashwat Chauhan and Fergal Smith
       July 5 (Reuters) - Canada's main stock index fell on
Wednesday, giving back some recent gains, as sectors sensitive
to the economic outlook, such as industrials and materials, lost
ground.
    The Toronto Stock Exchange's S&P/TSX composite index
 .GSPTSE  ended down 100.98 points, or 0.5%, at 20,103.89, after
six straight days of gains.
    Shares globally  .WORLD  also fell as the release of survey
data for China's services sector added to signs of a faltering
recovery in the world's second-biggest economy and investors
digested minutes from the Federal Reserve's latest meeting.
    Industrials declined 0.7%, while the materials group, which
includes precious and base metals miners and fertilizer
companies, lost 1.4% as copper and gold prices fell.
    Osisko Gold Royalties Ltd  OR.TO  shares tumbled 9.8% after
the company said mining veteran Paul Martin would replace
Sandeep Singh as its chief executive officer on an interim
basis, effective immediately.
    Shares of Teck Resources Ltd  TECKb.TO  were down 3.1% after
China Investment Corporation said its wholly-owned subsidiary,
Fullbloom Investment Corporation, sold some of its shares in the
miner.

 (Reporting by Fergal Smith in Toronto and Shashwat Chauhan and
Siddarth S in Bengaluru; Editing by Shinjini Ganguli, Shilpi
Majumdar and Sandra Maler)
 ((fergal.smith@thomsonreuters.com; +1 647 480 7446))