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TSX Down in Quiet Trade

Restaurant Brands, Wesdome in Focus

Equities in Canada’s largest centre had the stage all to themselves Monday but failed to make much headway, as losses in gold and real-estate sectors weighed most heavily.

The TSX had lost 41.16 points by the closing bell to 19,934.21.

The Canadian dollar retreated 0.05 cents to 75.70 cents U.S.

Among real-estate concerns, Granite REIT fell $1.17, or 1.5%, to $76.18, while units of Boardwalk REIT capitulated 83 cents, or 1.4%, to $60.20.

In gold, Iamgold docked 12 cents, or 3.1%, to $3.78, while Wesdome Gold lost 12 cents, or 1.7%, to $7.05.

In consumer discretionary stocks, Restaurant Brands International let go of $1.12, or 1.1%, to $99.76, while Park Lawn Corp. deducted 22 cents to $23.40.

All but two of the 12 TSX subgroups were in the red by the close, as real-estate bowed 0.5%, gold and consumer discretionary each falling 0.4%.

The two gainers proved to be consumer staples and utilities, each up 0.2%.

Oil prices docked 65 cents to $71.13 U.S. a barrel.

Gold prices sank $6.30 to $1,964.80. U.S. an ounce.

On the economic beat, Statistics Canada reports the Industrial Product Price Index fell 1.0% month over month in May and was 6.3% lower than in May 2022. In May 2023, the Raw Materials Price Index decreased 4.9% on a monthly basis and fell 18.4% year over year.

ON BAYSTREET

The TSX Venture Exchange finished lower 1.52 points to 612.30.

ON WALLSTREET

U.S. markets are shuttered Monday for Juneteenth.