🔴 Canadian Bank ETF (HCAL.TO) is trading 3.1% down as Canadian financials reverse Wednesday’s post-election rally

HCAL.TO is trading at CA$49.47, down 3.06%, as Canadian financials weakened after Wednesday’s post-election rally reversed.

• The S&P/TSX Capped Financial Index was down 2.65% in midday trading.
• The broader risk-off session added pressure; HCAL’s approximately 1.25× exposure to Canadian banks can amplify index moves.
• Its exposure spans Canada’s major banks, making sector weakness the clearest driver—not the technology selloff directly.