Equities in Canada’s largest centre took a spill Monday, anchored by lower prices for energy, as health-care stocks also took their lumps.
The S&P/TSX Composite remained negative 67.75 points to finish Monday at 15,480.13
The Canadian dollar recovered 0.23 cents at 75.39 cents U.S.
Among energy issues, Peyto Exploration & Development Corp. slouched $1.69, or 5.7%, to $28.22, while Canadian Natural Resources fell $1.72, or 4.2%, to $39.24.
Among health-care issues, Valeant Pharmaceuticals dived $1.08, or 5.5%, to $18.56, while Concordia International skidded seven cents, or 2.6%, to $2.66.
In the consumer discretionary section, Ritchie Bros. Auctioneers lost 13 cents to $42.05.
Gold shone brightest among the few gainers, as Barrick Gold bolted 82 cents higher, or 3.6%, to $23.64, while Iamgold hiked 20 cents, or 3.4%, to $6.15.
Materials stocks also moved earthward, First Quantum Minerals dropped 11 cents to $16.79, while Potash Corporation of Saskatchewan dipped 17 cents to $25.06.
On the economic calendar, Statistics Canada reported that wholesale trade edged up 0.2% to $56.9 billion in November, a second consecutive increase.
ON BAYSTREET
The TSX Venture Exchange gained 7.49 points to 805.08
Eight of the 12 subgroups were lower, as energy subsided 2.8%, health-care slumped 1%, and consumer discretionary stocks faltered 0.7%.
The four gainers were led by gold, up 2.2%, materials, 1.3% to the good, and telecoms, inching up 0.03%.
ON WALLSTREET
U.S. equities fell on Monday, but closed off session lows, as investors looked for more details regarding President Donald Trump's policies.
The Dow Jones Industrials came off their lows of the day, climbing to within 27.4 points of breakeven to 19,799.85, with Boeing and McDonald's contributing the most losses. The index has closed lower in six of the past seven sessions.
The S&P 500 stumbled 6.11 points to 2,265.20, with energy and industrials leading decliners.
The NASDAQ composite index slid 2.39 points to 5,552.94
In corporate news, earnings season continued as Halliburton and Dow component McDonald's reported quarterly results. McDonald's beat analyst expectations on both the top and bottom line.
Halliburton, meanwhile, beat bottom-line estimates but sales came in light of expectations. Yahoo is expected to post results after the close on Monday.
There will be several S&P 500 components reporting throughout the week, including tech giants Microsoft and Google-parent Alphabet.
Trump said Monday he believes his administration can cut regulations by 75% at least. He is also expected to sign an executive order as early as Monday that will put in motion the renegotiation of the North America Free Trade Agreement, as well as an executive order announcing his intention to withdraw from the Trans-Pacific Partnership, a trade agreement among 11 other Pacific Rim countries.
Prices for the benchmark 10-year Treasury note spiked, lowering yields to 2.41% from Friday’s 2.47%. Treasury prices and yields move in opposite directions.
Oil prices backtracked 40 cents to $52.82 U.S. a barrel
Gold prices strengthened $10.40 to $1,215.30 U.S. an ounce.
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