Negative Start to Week for TSX

Canada's main stock index fell on Monday as lower oil prices pressured energy shares.

The S&P/TSX Composite Index fell 15.31 points to begin Monday at 16,060.36

The Canadian dollar ducked 0.67 cents at 76.98 cents U.S.

Bombardier said on Monday it had completed the sale of 30 CS300 aircraft to Latvia's Air Baltic Corp, valuing the firm order at about $2.9 billion based on the list price. Bombardier stock picked up 18 cents, or 4.1%, to $4.55.

WestJet Airlines pilots who fly for the Canadian company's budget carrier Swoop will now be unionized, a concession which resolves a key obstacle in a labor dispute with the airline, a negotiator with the Air Line Pilots Association (ALPA) said.

The carrier’s stock got 50 cents worth of lift per share, or 2.5%, to $20.87.

CIBC raised the price target on CAE Inc. to $27.00 from $24.00. CAE shares took on 16 cents to $26.73.

Health-care issues led the way upward, as Aurora Cannabis improved 13 cents, or 1.6%, to $8.15, while Canopy Growth climbed 66 cents, or 1.9%, to $35.66.

Energy stocks weighed on things, though, as Suncor surrendered 59 cents, or 1.2%, to $50.17, while Imperial Oil lost eight cents to $40.90.

Oil prices surrendered $1.55 a barrel to $66.33 U.S.

Gold prices tumbled $5.80 to $1,297.90 an ounce.

ON BAYSTREET

The TSX Venture dropped 1.36 points in the early going to 774.05

Six of the 12 TSX subgroups were lower in the first hour, with energy falling 1.1%, gold down 0.2%, and materials sliding 0.1%.

The five gainers were led by health-care, stronger by 0.8%, while information technology and industrials were better by 0.4% each.

Telecoms were unchanged early Monday.

ON WALLSTREET

U.S. markets are closed for Memorial Day.

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