TSX ends down 0.6 at 23,126.98
Materials group falls 2.1
Technology ends 1.6 lower
RBC notches record high after profit beat

Reuters Canada39;s main stock index extended its pullback from a record high on Wednesday, as profittaking in most sectors of the market offset gains for financials after strongerthanexpected earnings for two of Canada39;s major banks.

The Toronto Stock Exchange39;s SPTSX composite index ended down 132.98 points, or 0.6, at 23,126.98, its second straight day of declines after notching an alltime high on Monday.

Wall Street also lost ground, ahead of Nvidia39;s quarterly report after the closing bell.

We had a great run so today39;s market declines on the TSX, but also south of the border, can largely be attributed to profit taking, said Elvis Picardo, a portfolio manager at Luft Financial, iA Private Wealth.

The technology sector lost 1.6, with shares of software firm Kinaxis tumbling 14.5 after the company said its CEO will retire from his role.

The materials group, which includes metal miners and fertilizer companies, was down 2.1 as gold and copper prices fell.

The price of oil also dropped, settling 1.3 lower at 74.52 a barrel, which weighed on energy.

Here in Canada … we39;ve got our own little side show in terms of bank earnings, Picardo said. Investors have become more discerning in terms of how they reward or punish companies depending on whether they beat or miss earnings expectations.

Royal Bank of Canada shares rose 2.2…