Equity markets in Toronto failed to climb out of their hole Monday, as the broad selloff continued, mostly in mining and energy shares.
The S&P/TSX composite index dipped 26.35 points to finish Monday at 14,251.53
The Canadian dollar eked up 0.07 cents at 76.42 cents U.S.
Energy stocks were the ones rattled the most, as Trican Well Services lost a dime, or 7.6%, to $1.22, while Baytex Energy got bruised 63 cents, or 7%, to $8.37.
Metals and mining stocks were also negative as First Quantum Minerals fell 44 cents, or 4.9%, to $8.47, while Nevsun Resources slid 10 cents, or 2.6%, to $3.79.
Among financials, Fairfax Financial Holdings swooned $13.94, or 2.2%, to $618.12, while National Bank of Canada dropped 76 cents, or 1.7%, to $44.58.
Gold provided one of the few bright spots, as Asanko Gold galloped 24 cents, or 11.5%, to $2.32, while NovaGold Resources moved higher 30 cents, or 6.6%, to $4.83.
Bombardier was the most actively traded stock Monday, ditching four cents, or 3%, to $1.31, on 7.6 million shares.
In the economic arena, Statistics Canada reported foreign investors added $8.5 billion of Canadian securities to their holdings in June, following a $5.5-billion divestment in May. At the same time, Canadian investors acquired $8.6 billion of foreign securities, all non-U.S. instruments.
ON BAYSTREET
The TSX Venture fell 2.36 points to 570.85.
Nine of the 14 TSX subgroups were lower on the day, as energy lost 1.9%, metals and mining slipped 1.5%, and global base metals shed 0.9%.
The five gainers were led by gold, up 3.6%, materials, gaining 2.1%, and utilities, up 0.2%.
ON WALLSTREET
U.S. stocks closed higher on Monday after the release of positive homebuilder data as investors digested weak manufacturing data and falling oil prices while eyeing the release of the Federal Reserve's minutes.
The Dow Jones industrial average finished the day positive 67.78 points to 17,545.18, led higher by UnitedHealth Group and Chevron leading decliners.
The S&P 500 inched higher 10.90 points to 2,102.44, with health care leading nine sectors higher and energy lagging.
The NASDAQ index gained 43.46 points to 5,091.70.
In corporate news, Amazon CEO Jeff Bezos responded to Saturday'sNew York Times story about the company's workplace culture, saying the Amazon described in the newspaper's story was not an accurate depiction of it.
Cosmetics maker Estee Lauder posted mixed earnings results, beating on earnings per share but missing on revenue citing "macroeconomic headwinds and challenges."
Companies reporting after the bell include Urban Outfitters and Agilent.
Walt Disney said it would be adding Star Wars-themed lands to its Disnelyland and Disney World parks during its D23 expo.
Universal Pictures continued its highly successful year as "Straight Outta Compton" led the weekend box office with over $56 million in U.S. ticket sales.
Target also announced that Chief Financial Officer John Mulligan would move to the newly created Chief Operating Officer position.
Economically speaking, The National Association of Home Builders index rose one point to 61, its highest level since November 2005.
The New York Fed said that manufacturing activity for the state fell from 3.86 in July to -14.92 in August, its lowest since April 2009.
Economists polled by Reuters had expected the index to rise to five this month. A reading above zero indicates expansion.
Prices for 10-year U.S. Treasuries gained, weighing yields to 2.17% from Friday’s 2.20%. Treasury prices and yields move in opposite directions.
Oil prices slid 61 cents a barrel to $41.89 U.S.
Gold prices added $4.20 to $1,116.90 U.S. an ounce.
