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Story summary
- Toronto Stock Exchange S&P/TSX Composite Index fell 237.22 points to 34,998.65.
- Bank of Montreal and Royal Bank of Canada shares dropped over 2%.
- Canadian technology stocks rose 2.3% on Micron Technology’s revenue forecast optimism.
- U.S. 10-year Treasury yield climbed to 5.34%, highest since 2002.
- Accenture software shares surged 22% after forecasting full-year revenue above estimates.