Investors took a bit of a breather Monday from bumping stocks to record or near-record highs, as energy and industrials dragged things down by the finish.
The S&P/TSX Composite slid descended 60.08 points to finish Monday at 15,015.36. Last week, the index advanced 1.4%, extending its rally since the U.S. election.
The Canadian dollar bolted higher 0.61 cents at 74.56 cents U.S.
Energy stocks bore the brunt of investor activity, with EnCana Corporation bruised 64 cents, or 3.9%, to $15.71, while Crescent Point Energy dulled 21 cents, or 1.3%, to $15.69.
Industrials also finished negative, most notably Canadian National Railways, down 72 cents to $89.48, while rival Canadian Pacific shed $2.73, or 1.4%, to $199.13.
Health-care issues were less than hale, as Concordia International tailed off eight cents, or 2.3%, to $3.47
Gold was among the minority of gaining stocks, as Kinross Gold vaulted 24 cents, or 5.6%, to $4.54, while Barrick Gold gained 65 cents, or 3.2%, to $20.69.
In the materials sector, Teck Resources faded 18 cents to $34.66.
ON BAYSTREET
The TSX Venture Exchange finished positive 2.23 points to 736.81
Eight of the 12 TSX subgroups were lower, with energy trailing 2.1%, industrials sliding 1%, and health-care issues dipping 0.9%.
The four gainers were led by gold, popping 3.8%, materials, up 1.8%, and real-estate, ahead 0.8%.
ON WALLSTREET
U.S. stocks fell on Monday as financials lagged, while a massive post-election rally eased, and investors kept an eye on surging oil prices ahead of a key meeting of the Organization of the Petroleum Exporting Countries
The Dow Jones Industrials stepped back 54.24 points from record highs to close Monday at 19,097.90, with Visa leading decliners and McDonald's the top advancer.
The S&P 500 dipped 11.63 points to 2,201.72, with financials leading six sectors lower and utilities the biggest riser.
The NASDAQ composite index subtracted 30.11 points to 5,368.81
In corporate news, Boeing is expected to be the target of new World Trade Organization sanctions, according to The Wall Street Journal.
Meanwhile, Merck won priority review status from the Food and Drug Administration in its application for a new use for its cancer drug Keytruda.
Investors also kept an eye on retail stocks following Black Friday last week.
Oil futures rose after Dow Jones reported the Iraqi oil minister said Iraq will cooperate with other OPEC members to reach a deal.
In economic news, the Dallas Fed manufacturing survey rose to 8.8 in November from 6.7 in October, with no other major data scheduled for release.
Treasury prices for the 10-year note gained ground, dropping yields to 2.31% from Wednesday’s 2.36%. Treasury prices and yields move in opposite directions. Bond markets in the U.S. were closed Thursday and Friday for Thanksgiving
Oil prices hiked 83 cents to $46.89 U.S. a barrel
Gold prices spiked $14.30 to $1,192.70 U.S. an ounce.
