TSX set for weekly decline, lower metal prices weigh

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Nov 10 - Canada's main stock index slipped on Friday, as a decline in metal prices dragged the materials sector lower, while a results miss from Altus Group weighed on the broader real estate index.

"This wrong-footed traders who had convinced themselves that the U.S. central bank was done hiking rates," said David Morrison, senior market analyst at Trade Nation. Altus Group tumbled 22.6% to the bottom of the TSX, after the real estate fund intelligence provider reported lower-than-expected third-quarter results.Top gainer energy sector added 1.1%, tracking a near 1% increase in oil prices.

 

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