‘Financials in general are going to be a very volatile space for the coming few weeks and months’
Within the first 10 minutes of trading on Monday morning, the main index had fallen 1.7% to 19436.22.
Canadian banking regulator, the Office of the Superintendent of Financial Institutions , on Sunday said it was taking temporary control of SVB’s unit in the country. Shares in Canadian digital advertising-tech firm AcuityAds Holdings Inc jumped 7.7% after it resumed trading on Monday. The stock tumbled more than 15% on Friday before the stock was halted after it said it maintained U.S. bank accounts with SVB which amount to $55 million in deposits.Article content
The materials group, which includes precious and base metals miners and fertilizer companies,, was the best performing for the day, up 2.1%.
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