Equities in Toronto dropped on Monday as sluggish economic data from China and a fall in the oil price weighed on shares of energy producers.
The S&P/TSX composite index ditched 75.70 points to end Monday at 14,537.62
The Canadian dollar dropped 0.60 cents to 88.03 cents U.S.
Among energy shares, Canadian Natural Resources dropped 2.7% to $38.27, and Suncor Energy declined 3.6% to $38.58.
Financials were down as Bank of Nova Scotia shed 0.4% to $68.75, and Toronto-Dominion Bank fell 0.1% to $55.41.
Gold shares moved higher as Barrick Gold gathered 0.8% to $13.48, and Centerra Gold triumphed 10.9% to $4.88.
Figures showed that growth in the Chinese services sector slumped to a nine-month low in October, highlighting concerns of a slowdown in the world's second-biggest economy.
Canadian banks and credit card companies have reached a deal with the federal government to cut fees charged to retailers for credit transactions and are likely to announce the agreement this week.
ON BAYSTREET
The TSX Venture Exchange ended lower 3.49 points to 766.10.
Eight of the 14 Toronto subgroups were higher by the closing bell, with gold improving 3.6%, materials advancing 0.5% and telecoms better by 0.4%.
The half-dozen laggards were weighed mostly by energy shares, down 2.6%, consumer staples listing lower 1.6%, and industrials 0.8% to the bad.
ON WALLSTREET
U.S. stocks were little changed on Monday following a sharp rally on Friday, but both the S&P 500 and the Dow inched up to intraday records, while strength in semiconductors boosted the NASDAQ.
The Dow Jones Industrials remained negative 24.28 points to close at 17,366.24
The S&P 500 inched lower 0.24 points to 2,017.81. The NASDAQ index gained 8.17 points to 4,638.91.
The benchmarks ended at all-time highs on Friday after the Bank of Japan unexpectedly expanded stimulus, with the move following the U.S. Federal Reserve's expected announcement that it was ending its monthly bond purchases.
While the market's momentum is to the upside, near-term trading may be quieter as earnings season draws to a close. With results in from 73% of companies, 75.4% reported earnings above analysts' expectations, according to Thomson Reuters data, above the long-term average of 63%.
General Motors Corp fell 1% to $31.10 U.S. after October sales missed expectations.
In deal news, Sapient Corp rose 42% to $24.58 U.S. on heavy volume after Publicis agreed to buy the digital ad company for $3.7 billion in cash.
Covance Inc jumped 25.5% to $100.29 U.S. after Laboratory Corp of America Holdings agreed to buy the company for $6.1 billion U.S.
Laboratory Corp fell 8% to $100.58 U.S. as the S&P's biggest decliner.
Monday's economic reports had the Institute for Supply Management's gauge of manufacturing rising to 59 in October, matching August as the best reading since March 2011.
Separate data had construction spending falling 0.4% in September.
Prices for 10-year U.S. Treasuries dipped, raising yields to 2.35% from Friday’s 2.34%. Treasury prices and yields move in opposite directions.
Oil prices plummeted $2.19 to $78.35 U.S. a barrel.
Gold prices docked $4.90 to $1,166.70 U.S. an ounce.
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