Equity markets in Toronto headed into the final month of the year on the downside, as resource and industrials stocks continued to take a pounding.
The S&P/TSX composite index gave back 8.79 points, to begin the day and the week at 14,735.91
The Canadian dollar recovered 0.39 cents to 87.89 cents U.S.
A Canadian Natural Resources pipeline has leaked about 60,000 litres of crude oil in northern Alberta after a "mechanical failure", the Alberta Energy Regulator said on Sunday. Natural Resources shares dipped 25 cents to $37.71.
Barclays cut the rating on Alimentation Couche-Tard to equal weight from overweight, Couche-Tard shares gained 36 cents to $40.86.
NBF cut the rating on Penn West Exploration to underperform from sector perform. Penn West shares docked 17 cents to $3.90.
Finance Minister Joe Oliver said Sunday Canada still should return to a healthy budget surplus in the next fiscal year despite the precipitous slide in oil prices.
ON BAYSTREET
The TSX Venture Exchange stumbled 4.24 points to 737.63
Eight of the 14 Toronto subgroups were negative, as industrials fell 1.4%, metals and mining dropped 1.2%, and global base metals lost 0.8%.
The half-dozen gainers were led by gold, up 4.8%, while materials climbed 2%, and consumer staples triumphed 1.4%.
ON WALLSTREET
U.S. stocks declined on Monday as the holiday shopping season got off to a slow start and after soft readings on manufacturing growth in Europe and Asia.
The Dow Jones Industrials shed 73.33 points to open Monday at 17,754.42, with General Electric leading the declines that extended to 25 of 30 components.
The S&P 500 dipped 17.99 points to 2,054.84. The NASDAQ index moved down 40.36 points to 4,751.27.
Americans spent about 11% less during the long holiday weekend ahead of Cyber Monday's online sales, according to survey results released Sunday by the National Retail Federation.
Markit's final November manufacturing Purchasing managers' Index for the euro-zone was 50.1, its lowest level since June 2013.
China's official factory index dropped to 50.3 for November, while the Markit index had it at 50.
Prices for 10-year U.S. Treasuries gained, lowering yields to 2.16% from Friday’s 2.20%. Treasury prices and yields move in opposite directions.
Oil prices took on 50 cents to $66.65 U.S.
Gold prices added $10.80 at $1,186.00 U.S.
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