Stocks closed at their lowest point in seven weeks, as the fallout from Britain's vote to leave the European Union pummeled financial stocks and energy shares fell with retreating oil prices.
The S&P/TSX Composite jettisoned 202.09 points, or 1.5%, to close Monday at 13,689.79
The Canadian dollar fell 0.43 cents to 76.49 cents U.S.
First Quantum Minerals moved lower 61 cents, or 6.9%, to $8.24, as part of a general malaise among base metals stocks, while Teck Resources lost 41 cents, or 2.7%, to $14.91.
Health-care stocks also took a beating, as Valeant Pharmaceuticals sank $1.86, or 7.1%, to $24.50, while Concordia Healthcare fell $2.10, or 7.6%, to $25.70.
Information technology issues also fell as BlackBerry backpedaled 41 cents, or 4.7%, to $8.24.
Gold pointed in an upward direction, as Kinross Gold picked up eight cents, or 1.2%, to $6.74, while Eldorado Gold climbed 11 cents, or 1.9%, to $5.84.
Telecoms moved higher, too, as BCE improved in price 28 cents to $60.17.
ON BAYSTREET
The TSX Venture Exchange reversed 7.94 points, or 1.1%, to 702.85
Nine of the 13 subgroups went south on the day, with metals and mining plunging 3.5%, health-care down 3.3%, and information technology listing lower 2.7%.
The four gainers were led by gold, up 2.2%, telecoms, up 0.5%, and consumer staples, up 0.3%
ON WALLSTREET
U.S. stocks closed lower Monday, with materials lagging, extending Friday's declines after the Brexit surprise.
The Dow Jones Industrials collapsed 260.51 points, or 1.5%, to 17,140.24. Boeing and IBM had the greatest negative impact as most constituents declined. Telecom company Verizon and Johnson & Johnson were the only positive Dow components.
The S&P 500 regressed 36.87 points, or 1.8%, at 2,000.54. Investors continued to take a defensive stance, with utilities and telecoms the only advancing S&P sectors.
The Dow and S&P broke below their 200-day moving averages intraday for the first time since mid-March.
The NASDAQ Composite Index swooned 113.54 points, or 2.4%, to 4,594.44, as declines in Microsoft and Apple weighed.
In economic news Monday, the Markit flash services Purchasing Managers Index for June came in unchanged from the prior month at 51.3.
Prices for the 10-year Treasury soared, pressing down yields to 1.45% from Friday’s 1.57%. Treasury prices and yields move in opposite directions.
Oil prices lost 95 cents a barrel to $46.69 U.S.
Gold prices added $7.40 to $1,329.80 U.S. an ounce.
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