The Globe and Mail reports in its Thursday edition that Canada's main stock index was dragged down Wednesday by a drop in rate-sensitive technology stocks, as shares of the country's third biggest company, Shopify, hit a six-week low and those of crypto miners fell. A Reuters dispatch to The Globe says that the S&P/TSX Composite Index was down 45.15 points at 21,172.38. Tech stocks led the losses with a 2.4-per-cent decline, dragged by crypto miners Hut 8 and Bitfarms, down 3.9 per cent and 7 per cent, respectively, after bitcoin lost 2 per cent. Shopify shares were down nearly 4 per cent at $102. The materials sector extended declines to a third consecutive session after it fell 0.9 per cent. Gold miner Wheaton Precious Metals lost the most among materials stocks, falling 8 per cent after brokerages cut price targets on the stock owing to underwhelming 2024 production forecast. Canada's main stock index is set to notch a record high in 2024 as the expected start of interest rate cuts by central banks bolster the high-dividend-paying stocks that make up much of the market, a Reuters poll found. After the closing bell, Nvidia shares surged 6 per cent after it forecast fiscal first-quarter revenue above estimates.