Equities in Canada lost some of their mojo Monday, as resource and health-care concerns took on the downward progress.
The TSX Composite Index dropped 62.7 points to conclude Monday at 35,212.14
The Canadian dollar sank 0.08 cents to 70.39 cents U.S.
Health-care proved the anchor on the markets, with Curaleaf sank $1.33, or 9.1%, to $13.32, while Bausch Health Companies ditched 13 cents, or 1.9%, to $6.83.
In gold stocks, USA Gold & Silver stumbled 39 cents, or 5.3%, to $6.93, while Seabridge Gold eased $1.67, or 4.1%, to $38.98.
In other materials, AbraSilver let go of 73 cents, or 4.9%, to $14.16, while Discovery Silver lost 57 cents, or 5.7%, to $9.39.
Financials tried to right the ship, led by Power Corporation, forward $1.84, or 2.1%, to $91.58, while Definity Financials, up $1.39, or 1.8%, to $77.48.
In industrial stocks, Bombardier climbed $19.73, or 6.1%, to $344.72, while Hammond Power Solutions, up $12.99, or 4.1%, to $333.99.
In techs, Firan Technologies grabbed $2.49, or 10.6%, to $26.07, while Sangoma grabbed 21 cents, or 3.8%, to $5.70.
ON BAYSTREET
The TSX Venture Exchange was down 14.07 points, or 1.5%, to 924.21.
All but three of the 12 subgroups were lower, weighed most by health-care down 2.5%, materials, down 2%, gold, off1.6%.
The three gainers were financials, up 0.9%, industrials, ahead 0.5%, and information technology, eking up 0.1%.
ON WALLSTREET
Stocks maintained their positive momentum on Monday following a strong week on Wall Street.
The Dow Jones Industrials hiked 156.67 points to 53,056.47, after earlier surpassing 53,000 for the first time ever.
The S&P 500 surged 54.21 points to 7,537.43.
The tech-heavy NASDAQ popped 288.49 points, or 1%, to 26,121.16, led by a 7% climb in Western Digital and a 2% jump in Teradyne. Marvell Technology and Oracle also gained around 2% each.
Shares of Microsoft fell roughly 1% after the company said it’s cutting 4,800 jobs, or 2.1% of its workforce.
On the flip side, shares of Dell Technologies added more than 4% after President Donald Trump promoted the company’s computers from the White House after he rang the opening bell.
Traders this week will turn their eyes to the Federal Reserve, with the minutes of the June meeting — the first led by new Chairman Kevin Warsh — due Wednesday.
Prices for the 10-year Treasury gained a bit of ground, lowering yields to 4.47% from Thursday’s 4.49%. Treasury prices and yields move in opposite directions.
Oil prices took on four cents to $68.73 U.S. a barrel.
Gold prices climbed $50.00 to $4,175/70 U.S. an ounce.
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