Equities in Canada’s main stock index fell behind early Monday morning, tracking commodity prices that dropped on demand concerns from top consumer China following reports of surging COVID cases.
The TSX Composite began a new week down 72.37 points, to 20,039.19
The Canadian dollar skidded 0.1 cents to 75.29 cents U.S.
ON BAYSTREET
The TSX Venture Exchange handed back 3.31 points to 596.50.
Seven of the 12 TSX subgroups lost ground, weighed most by information technology, slipping 1.3%, while health-care staggered 1.2%, and real-estate lost 0.7%.
The five gainers were led by communications, up 0.6%, while consumer staples and industrials each tallied 0.3%.
ON WALLSTREET
The S&P 500 traded lower Monday after it posted its biggest weekly gain in almost five months on the back of easing inflation data.
The Dow Jones Industrials gained 91.43 points to 33,839.29.
The S&P 500 inched ahead 0.97 points to 3,993.90
The NASDAQ sagged 54.72 points to 11,268.61.
The third-quarter earnings season is set to continue, with a heavy emphasis on retail. Big retailers Walmart, Home Depot, Target, Lowe’s, Macy’s and Kohl’s are all slated to post numbers this week.
Prices for the 10-year Treasury flopped, raising yields to 3.88% from Friday’s 3.81%. Treasury prices and yields move in opposite directions.
Oil prices docked 93 cents to $88.03 U.S. a barrel.
Gold prices jumped $5.20 to $1,774.60 U.S. an ounce.
