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Market Update: TSX Notches Worst Week Since February
Canadian shares tumbled on Friday, with the benchmark S&P/TSX composite finishing below the 20,000 to notch its worst week since February, led by a decline in heavyweight materials stocks. Turquoise Hill Resources Ltd and First Quantum Minerals Ltd were among the biggest laggards on the TSX, down 15.6% and 9.6%, respectively. On the data front, wholesale sales in Canada inched up 0.5% over a month to CAD 72.2 billion in May of 2021, the third straight monthly gain but missed market expectations of a 1.1% rise. [/s2If]
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