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Canadian Tech Stocks Set For Worst Quarter Since 2022 on AI, War

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Canada's tech stocks are set for their worst quarter in nearly four years, driven primarily by weakness in software-heavy names. Investors are rotating out of tech on fears of AI-related disruption while the Middle East conflict has pushed capital into energy names, boosting the energy sector at the expense of tech.

Analysis

Canada's tech stocks are set for their worst quarter in nearly four years, driven primarily by weakness in software-heavy names. Investors are rotating out of tech on fears of AI-related disruption while the Middle East conflict has pushed capital into energy names, boosting the energy sector at the expense of tech.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.35