Equities in Canada’s largest market as lower commodity prices weighed on energy and mining stocks, while financial sector stocks also fell.
The S&P/TSX Composite Index moved lower 50.05 points to open the day and the week at 13,390.39,
The Canadian dollar sank 0.08 cents to 76.77 cents U.S.
NBF raised the target price on Metro Inc. to $43.00 from $42.00.
Metro shares ducked back 14 cents to $44.58.
BMO, CIBC each raised their target prices on TransCanada Corp.
TransCanada shares gained 20 cents to $49.79.
Chief among losing subgroups was gold, as Barrick Gold fell eight cents to $17.70. Goldcorp gave back three cents to $20.90.
Metals and mining led gainers, as Teck Resources added a penny to $10.11.
ON BAYSTREET
The TSX Venture Exchange added 4.35 points to 585.76
Nine of the 13 TSX subgroups were negative in the first hour, with gold sliding 1.4%, materials down 0.7%, and real-estate off 0.5%.
The four gainers were led by metals and mining, up 0.7%, health-care moving up 0.6%, and consumer staples, up 0.1%.
ON WALLSTREET
U.S. stocks traded in a range Monday as investors fixed their collective gaze on oil prices.
The Dow Jones Industrials were positive 12.22 points to 17,804.97, with GE leading decliners and Apple the top gainer.
The S&P 500 docked 1.1 points to 2,071.68, as energy and health care traded more than 0.5% higher to lead a few advancers.
The NASDAQ index eked up 2.27 points to 4,916.81.
In economic news, factory orders declined 1.7% in February.
Prices for the 10-year Treasury were static, keeping yields back at Friday’s 1.78%.
Oil prices dipped 19 cents a barrel to $36.60 U.S.
Gold prices shed $2.40 to $1,220.20 U.S. an ounce.
Related Stories
