Equities in Toronto demurred from last week’s dizzy heights, as weakness in gold and real estate trumped gains in health-care.
The TSX Composite listed lower 45.05 points to end Monday at 19,426.14.
The Canadian dollar moved back 0.06 cents to 73.42 cents U.S.
In gold issues, Eldorado Gold lost 34 cents, or 4.3%, to $7.61, while Torex Gold Resources handed back 73 cents, or 7.7%, to $9.28.
In real-estate, Allied Properties REIT units dished off 67 cents, or 2.5%, to $26.39, while Colliers International Group lost $3.12, or 2.4%, to $127.86.
In techs, HUT 8 Mining slid 13 cents, or 4.1%, to $3.06, while Quarterhill was five cents, or 2.9% to the bad, to $1.67.
Health-care tried to balance things out, with Canopy Growth hiking 81 cents, or 18.9%, to $5.09, while Tilray spiked 61 cents, or 12.4%, to $5.55.
In energy issues, Birchcliff Energy climbed 77 cents, or 7.8%, to $10.59, while Peyto Exploration acquired 72 cents, or 6%, to $12.72.
In industrials, TFI International leaped $3.17, or 2.6%, to $124.01, while Bombardier jumped 96 cents, or 2.5%, to $40.01.
ON BAYSTREET
The TSX Venture Exchange dipped 1.6 points Monday to 595.33.
All but three of the 12 TSX subgroups were still in the red by the close, with gold lower 1.7%, real-estate down 1.3%, and information technology off 1.2%.
The three gainers were health-care up 4.2%, energy, up 1.6%, and industrials, better by 0.1%.
ON WALLSTREET
Stocks slipped on Monday, but the Dow Jones capped off its best month since 1976 and all the major averages snapped a two-month losing streak.
The 30-stock index fell 128.85 points to 32,732.95.
The S&P 500 sagged 29.08 points to 3,871.98.
The NASDAQ faded 114.31 points, or 1.%. to 10, 988.15.
Markets made a huge comeback in October. The Dow guided those gains, soaring 13.95% for the month. The 30-stock finished its best month since 1976 as investors bet on more traditional companies, like banks, to lead the next bull. The S&P picked up 8% and NASDAQ gained 3.9%,, for October.
October’s gains have come despite a mixed third-quarter earnings season, which has shown slowing growth and a few major disappointments from large tech companies such as Meta Platforms and Amazon. Those names led Monday’s tech losses as investors drifted out of the growth sector.
Traders are preparing this for the latest Federal Reserve meeting beginning Tuesday. The central bank is expected to hike rates by three quarters of a percentage again on Wednesday, but many on Wall Street are looking for a signal from the FOMC statement or Chairman Jerome Powell’s press conference that the Fed could pause its hikes in the near future, or curb their size.
Earnings season continues this week with reports from Uber, Pfizer and Advanced Micro Devices.
Treasury prices faded, raising yields to 4.05% from Friday’s 4.01%. Treasury prices and yields move in opposite directions.
Oil prices sagged $1.69 to $86.21 U.S. a barrel.
Gold prices dipped $8.40 to $1,636.40 U.S. an ounce.
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