The TSX continued to decline Monday, tracking global markets amid fears over China's economic health.
The S&P/TSX composite index stumbled 184.87 points, or 1.3%, to close a tumultuous Monday at 14,001.37
The Canadian dollar poked ahead 0.05 cents to 76.70 cents U.S.
China had investors worried again after Shanghai stocks tumbled, even hitting their lowest in eight years. And concerns about the economic health of the country, a major commodity consumer, brought down copper and oil prices.
Gold took its lumps, particularly China Gold International, down 17 cents, or 8.8%, to $1.76, and B2Gold, sinking 11 cents, or 7.3%, to $1.39.
The day took a bite out of metals and mining stocks, especially Sheritt International, staggering 19 cents, or 12.4%, to $1.34, and Capstone Mining, giving back nine cents, or 9.1%, to 90 cents.
Energy stocks had a tough time getting untracked as well, as Enerplus plummeted 95 cents, or 10.7%, to $7.93, while Bankers Petroleum was bruised 23 cents, or 9.3%, to $2.25.
Once again, Bombardier was the most actively traded stock, falling two cents, or 1.1%, to $1.76 on 11.5 million shares.
ON BAYSTREET
The TSX Venture Exchange hurtled earthward 10.76 points, or 1.8%, to end Monday at 581.72.
All 14 TSX subgroups went south Monday, gold traveling lower 4.5%, while metals and mining was down 3.9%, and materials suffered 3.3%.
ON WALLSTREET
U.S. stocks closed lower on Monday under pressure from an overnight plunge in the Shanghai Composite and a continued decline in commodities, amid a lackluster earnings season.
The Dow Jones industrial average surrendered 127.94 points to close Monday at 17,440.59, its lowest level since February 2, Boeing leading decliners and Intel the greatest advancer.
The S&P 500 dropped 13.48 points to 2,066.13, with energy leading nine sectors lower and utilities the only gainer.
The NASDAQ index tumbled 51.71 points to 5,036.92
In corporate news, Israel's Teva Pharmaceutical said it will buy Allergan's generic pharmaceuticals business for $40.5 billion U.S.
U.S. regulators fined Fiat Chrysler a record $105 million U.S. for lapses in safety recalls.
Firms reporting earnings Monday included Torchmark, RPM International, Roper Technologies, Avalon Bay and Rent-A-Center
Economically speaking, June durable goods data showed an increase of 3.4%, beating expectations slightly.
Mainland Chinese stocks extended Friday's losses, with the Shanghai Composite dropping nearly 8.5% for its largest one-day loss since 2007. The Hang Seng closed about 3% lower.
Prices for 10-year U.S. Treasuries gained, lowering yields to 2.22% from Friday’s 2.26%. Treasury prices and yields move in opposite directions.
Oil prices gave back $1.06 a barrel to $47.08 U.S.
Gold prices hiked $10.90 to $1,096.90 U.S. an ounce.
