Toronto market falls 1.2% as bond yields climb
Heavily-weighted financials lost 1.8 per cent, with Bank of Nova Scotia (BNS.TO) shares ending 2.2 per cent lower after the bank announced plans to cut about 2,700 jobs globally.
Energy was the lone sector to gain ground, rising 0.4%, as oil settled 1.9% higher at $88.32 a barrel.