TSX Loses in Triple-Digits

Tech, Gold Stocks Hit Hard

Canada's main stock index pulled back somewhat Monday, weighed by losses in tech stocks, and as gold prices hit their lowest in a month.

The S&P/TSX Composite Index let go of 118.04 to end Monday at 15,156.40

The Canadian dollar eased 0.24 cents to 75.55 cents U.S.

BlackBerry moved into the red 38 cents, or 3.1%, to $11.90, while Shopify fell back $6.68, or 3.6%, to $179.55, in the low-sinking technology sector.

Gold moved lower, too, as Barrick retreated 37 cents, or 2.2%, to $16.72, while Kinross Gold drooped 6.5 cents, or 1.9%, to $3.35.

Aurora Cannabis dipped 12 cents, or 1.3%, to $9.24 after reporting higher quarterly revenue and profit. Elsewhere in the health-care sector, Bausch Health Companies wilted $1.20, or 3.3%, to $34.75.

Utilities tried their best, as Fortis gained 11 cents to $45.71, while Hydro One took on 15 cents to $19.45.

In communications issues, BCE Inc. tacked on a penny to $54.11, while Rogers Communications acquired 20 cents to $67.74.


The TSX Venture Exchange caved 13.15 points, or 2%, to 638.27

Eight of the 12 subgroups were lower, as information technology dipped 2%, gold dropped 1.8%, and health-care suffered 1.5% in losses

The four gainers were led by utilities, up 0.6%, while communications were better by 0.5%, and real-estate moved up 0.1%.


The Dow Jones Industrial Average fell hard on Monday after a big decline in Apple shares, a rise in the U.S. dollar and lingering worries about global trade weighed on investor sentiment.

The 30-stock index plummeted 602.12 points, or 2.3%, to 25,387.18. Monday's losses bring the Dow's decline over the past two sessions to 804 points.

The S&P 500 dropped 54.79 points, or 2%, to 2,726.22, as financials tanked, led by Goldman Sachs.

The NASDAQ dumped 206.03 points, or 2.8%, to 7,200.87, and fell back into the correction territory it first entered during the October market rout.

In late-afternoon trading, the major indexes hit their lows of the day after Bloomberg News reported the White House was circulating a draft report on auto tariffs. Shares of General Motors turned negative and closed just below the flatline.

Apple shares fell 5% after Lumentum Holdings, which makes technology for the iPhone's face-recognition function, cut its outlook for fiscal second quarter 2019. Lumentum CEO Alan Lowe said one of its largest customers asked the company to "materially reduce shipments" for its products. Shares of Lumentum plunged 33%

The decline in Apple pressured the broader technology sector. Alphabet lost 2.7%, and Amazon shares pulled back 4.3%. Amazon shares also traded around bear-market territory, down about 20% from its 52-week high.

The report comes as Trump and Chinese President Xi Jinping get set to meet at the G-20 summit later this month

SAP agreed to buy Qualtrics, a privately held company that competes with SurveyMonkey, for $8 billion U.S. Meanwhile, Veritas Capital and Elliott Management agreed to buy Athenahealth for more than $5 billion.

General Electric shares fell 6.9% to trade below $8.00 after CEO Larry Culp told the media that he feels the "urgency" to reduce some of the company's leverage, adding they will do this by selling assets.

Goldman shares posted their biggest drop in seven years after a report Malaysia's finance minister demanded a refund of fees paid the firm for its work in scandal-plagued state investment fund 1MDB.

Bond markets in the U.S. are closed in observance of Veterans Day

Oil prices restored $1.18 to $59.02 U.S. a barrel.

Gold prices subtracted $6.90 an ounce to $1,201.70 U.S.