TORONTO — Canada's main stock index finished lower on Tuesday, weighed down by losses in basic materials stocks, while U.S. markets were mixed amid a broader move to defensive sectors.
Kathrin Forrest, an equity investment specialist at Capital Group, said markets were mixed on Tuesday across different regions and sectors.
“I would say overall market strength shifted toward more defensive sectors, including real estate, utilities, staples and health care. Real estate and utilities saw some tailwind from modestly lower yields across the curve, given the generally greater interest rate sensitivity in those sectors,” she said regarding the sector performance on U.S. markets.
She noted health care was another sector moving higher on U.S. markets, in contrast to information technology and co