Equities in Canada’s largest centre were in sync with their American cousins, fading Monday, weighed by consumer and health-care concerns.
The TSX retreated 62.35 points to conclude Monday at 36,667.92.
The Canadian dollar skipped back 0.01 cents to 72.08 cents U.S.
In earnings reported late on Friday, financial software company Abaxx Technologies' net loss widened in the second quarter. Abaxx shares descended $3.07, or 11.3%, to $24.09.
Separately, OceanaGold plans to acquire Australia's Ausgold in a deal valued at A$776 million ($552.74 million U.S.), the companies said on Monday. OceanaGold shares acquired $1.29, or 3.3%, to $41.03.
Information technology stocks which helped the TSX notch a record high last week, were among the biggest laggards, pressured by a loss of $7.63, or 3.6%, in Shopify shares, to $206.72.
Consumer staples felt around for the bruises, with Saputo Inc. sliding $1.94, or 4.6%, to $40.26, while shares in Loblaw dipped $1.10, or 1.8%, to $60.81.
Health-care stocks doddered, with Extendicare listing lower 98 cents, or 3%, to $31.76, while those for Curaleaf declining 19 cents, or 1.5%, to $12.95.
In the tech area, Lightspeed Commerce dipped 55 cents, or 3.7%, to $14.22.
Gold tried to surmount these negatives, with Iamgold picking up $1.11, or 4.4%, to $26.54.
In energy, Spartan Delta progressed 59 cents, or 4.9%, to $12.74, while IPCO gaining $1.61, or 5%, to $34.04.
In materials, Orla Mining picked up 92 cents, or 7.3%, to $13.46, while Trekor Mining jumping 59 cents, or 5.1%, to $12.20.
On the geopolitical front, Iran called on the U.S. to accept defeat on Saturday, while President Donald Trump blasted Tehran as "very evil" and told Americans to prepare for continued high fuel prices as a result of the war.
On the economic scene, Statistics Canada reports the consumer price index rose 3.0% year over year in July, following a 2.8% gain in June. On a seasonally-adjusted monthly basis, the CPI increased 0.3% in July.
As well, Statistics Canada said 190,167 new motor vehicles were sold in Canada, an increase of 7.3% from the same month the previous year. In dollar terms, sales increased 9.1% in June compared with one year earlier.
Foreign investors added $40.8 billion of Canadian securities to their holdings in June, mainly acquisitions of federal government debt securities and private corporate bonds. Meanwhile, Canadian investors acquired $35.4 billion of foreign securities, primarily US corporate shares and bonds.
Finally, Federal Trade Minister Dominic Leblanc said Canada and the U.S. are still far from reaching a draft trade deal despite regular meetings.
ON BAYSTREET
The TSX Venture Exchange reversed 6.01 points to 964.16.
All but three of the 12 TSX subgroups were lower on the day, weighed by consumer staples, off 1.6%, health-care, down 1.5%, and information technology, behind Friday’s close 1.3%.
The three gainers were gold, up 2%, energy, up 1.9%, and materials, better by 1.7%.
ON WALLSTREET
The S&P 500 fell on Monday, while oil prices rose, as investors weighed tensions in the Middle East.
The Dow Jones Industrials retreated 272.63 points Monday to 53,459.78.
The much-broader index dipped 40.7 points to 7,745.06.
The NASDAQ Composite plummeted 84.25 points to 26,644.91.
Eyes were also focused on the conflict in the Middle East, with the ceasefire between the U.S. and Iran expiring Monday as negotiations between the two sides have stalled. Iran has ruled out talks to extend the memorandum of understanding, state news agency Tasnim has reported.
A senior Iranian official told Reuters Monday that the country would shift to an offensive posture if diplomacy with the U.S. fails, while President Donald Trump told Fox News Monday that the U.S. would bomb Oman if it “gets in the way.”
Micron Technology was a bright spot in the session, however, as shares gained 5%. Last week, Commerce Secretary Howard Lutnick told The Wall Street Journal that the Trump administration is not in support of Apple buying memory chips from China.
Bloomberg News also reported that Anthropic’s second-quarter revenue was more than $11.5 billion — a massive jump from a year earlier.
Other chip stocks such as Broadcom and Nvidia were higher as well amid the renewed optimism surrounding the artificial intelligence trade.
Meanwhile, a slew of retail earnings are on tap, with Walmart results due out Thursday. Home Depot reports Tuesday and Lowe’s Wednesday.
Prices for the 10-year Treasury wavered, boosting yields to 4.73% from Friday’s 4.69%. Treasury prices and yields move in opposite directions.
Oil prices gained $2.22 to $84.62 U.S. a barrel.
Gold prices brightened $36.80 to $4,474.10 U.S. an ounce.
