jan 10 reuters  canadas main stock index fell on monday as a spike in us treasury yields fueled concerns about the prospect of higher interest rates at 944 am et 1444 gmt the toronto stock exchanges sptsx composite index gsptse was down 12226 points or 058 at 2096219 as technology stocks hit its lowest level since may 2021 torontolisted technology stocks sptttk fell 23 and were on track for its sixthconsecutive session in losses mirroring weakness in us techheavy nasdaq ixic index its going to be a continuation of last weeks pattern and i think everyones watching bond yields to get a signal yields are up so thats going to put pressure on tech stocks said gregory taylor portfolio manager at purpose investments us treasury yields reached a new twoyear high and investors fretted about the prospect of a more hawkish fed this year especially the timing of interest rate hikes higher interest rates reduce the value to investors of the future cash flows that technology and other high growth sectors are expected to produce the energy sector sptten climbed 01 as oil prices were largely steady as supply disruptions in kazakhstan and libya offset worries stemming from the rapid global rise in omicron infections the materials sector gspttmt which includes precious and base metals miners and fertilizer companies lost 01 as gold futures fell 03 to 1791 an ounce on the bright spot tilray inc tlryto jumped 12 and was the largest percentage gainer on the index after the canadian cannabis producer reported a surprise quarterly profit read more the tsx posted fourteen new 52week highs and eight new lows across all canadian issues there were 48 new 52week highs and 65 new lows with total volume of 3775 million shares reporting by amal s in bengaluru editing by shinjini ganguli