Equities in Canada’s biggest centre fell on Monday as energy companies followed oil prices lower, while banks also weighed.
The S&P/TSX Composite Index was still negative 65.7 points to greet noon at 13,456.30
The Canadian dollar slid 0.41 cents to 75.25 cents U.S.
The three most influential weights on the index were energy companies, with Suncor Energy down 1.4% at $34.14 and Canadian Natural Resources falling 1.2% to $35.69.
Pipeline operators also fell, with Enbridge off 1.8% to $50.30 and TransCanada Corp. down 1.1% to $47.09.
Veresen slumped 11.6%to $7.54 after its application to build an LNG export terminal and natural gas pipeline was rejected.
Royal Bank of Canada fell 0.4% to $73.96 and Toronto-Dominion Bank declined 0.3% to $54.99.
ON BAYSTREET
The TSX Venture Exchange lost 2.87 points to 573.44
All but three of the 13 TSX subgroups were lower by lunch time, as gold dulled in price 1.8%, energy doffed 1.6%, and materials were worse off 1%.
The three gainers were led by consumer staples, advancing 0.5%, while consumer discretionaries and industrials gained 0.3% each.
ON WALLSTREET
Equities south of the border traded in a range Monday, after a four-week win streak, amid a decline in oil prices and ahead of the U.S. Federal Reserve's meeting later this week.
The Dow Jones Industrial average were off their morning lows, to within 18.97 points of breakeven to 17,194.34, with McDonald's contributing the most to gains in the Dow.
The S&P 500 hesitated 84.84 points to 2,017.35. Energy briefly traded more than 1% lower as the greatest S&P 500 decliner in morning trade.
The NASDAQ index dropped 3.26 points to 4,745.20, a rise in shares of Gilead Sciences and Apple helping the NASDAQ.
No major economic data is expected Monday ahead of the highly anticipated Fed meeting statement and press conference due Wednesday.
Prices for the 10-year Treasury gained, lowering yields to 1.94% from Friday’s 1.98%. Treasury prices and yields move in opposite directions.
Oil prices sank $1.60 a barrel to $36.90 U.S.
Gold prices fell $5.38 to $1,244.07 U.S. an ounce.
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