Top

Market Summary Article

S&P/TSX Composite Index

0.00 RT

chart
Change: 0.00 (0.00%)
S&P/TSX Venture Composite Index

0.00 RT

chart
Change: 0.00 (0.00%)
 Back
Up-and-Down Day Ends… Down in Toronto

(CORRECTS CLOSING TSX AND CANADIAN DOLLAR FIGURES)

Equity markets in Toronto Monday gave back some of the gains they amassed to end a turbulent week Friday, mostly on the backs of health-care and consumer stocks.

The TSX Composite Index fell 27.53 points to finish Monday at 16,421.82

The Canadian dollar inched higher 0.16 cents at 75.15 cents U.S.

Health-care took the biggest lumps as HEXO fell 37 cents, or 6.8%, to $5.05, after CEO Michael Monahan stepped down. Aurora Cannabis settled 33 cents, or 5.7%, to $5.51.

Consumer discretionary stocks were weighed by Dollarama, falling $1.30, or 2.7%, to $46.70, while The Stars Group slipped 45 cents, or 1.6%, to $27.41

Among materials issues, West Fraser Timber dipped $1.62, or 3.1%, to $50.00, while Torex Gold slumbered 78 cents, or 4.3%, to $17.27.

Real-estate stocks showed some modicum of strength, as Cominat REIT hiked 35 cents, or 2.6%, to $13.73. Tricon Capital Group sprinted 36 cents, or 3.6%, to $10.50.

Among utilities stocks, another gainer, Innergex triumphed 31 cents, or 2%, to $16.07, while Superior Plus heightened 13 cents, or 1.1%, to $11.94.

Among energy issues, Secure Energy Systems gained 27 cents, or 6.1%, to $4.68, while Pason Systems pointed ahead 27 cents, or 1.8%, to $15.18

ON BAYSTREET

The TSX Venture Exchange drifted lower 2.69 points to 556.07

Eight of the 12 Toronto subgroups sagged by the close, with health-care suffering 1.5%, consumer discretionary down 0.6%, and materials off 0.5%.

The four gaining groups were led by real-estate, 0.8% more solid, utilities, clicking 0.4% higher, and energy, better by 0.1%.

ON WALLSTREET

Stocks fell slightly on Monday as investors looked ahead to U.S.-China trade talks, which are set to begin later this week.

The Dow Jones Industrials concluded a rollercoaster day on the downside by 95.7 points to 26,478.02

The S&P 500 dumped 13.22 points to 2,938.79.

The NASDAQ Composite sifted off 26.18 points to 7,956.29

In corporate news, ConocoPhillips rose more than 2% after the company raised its quarterly dividend by 37.7% to 42 cents per share. The stock was among the best performers in the S&P 500.

Uber Technologies climbed more than 2% after an analyst at Citigroup upgraded the ride-sharing service to buy from neutral, citing a favorable "risk/reward" outlook.

A media report suggested Chinese officials were increasingly reluctant to agree to a broad trade deal pursued by President Donald Trump.

Vice Premier Liu He, who will lead negotiations for China, told dignitaries that his offer to the U.S. will not include commitments on reforming Chinese industrial policy or government subsidies, Bloomberg reported Sunday, citing sources familiar with the matter.

Trade talks between the U.S. and China are set to resume in Washington, D.C., on Thursday. Deputy-level talks kicked off on Monday.

Prices for the benchmark 10-year U.S. Treasury slumped, raising yields to 1.57% from Friday's 1.52%. Treasury prices and yields move in opposite directions.

Oil prices hung onto gains of nine cents to $52.90 U.S. a barrel.

Gold prices fell $14.90 to $1,498 U.S. an ounce.

Doubts About Trade Deal Sends Stocks Downward

Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. View delay times for all exchanges. Market Data powered by QuoteMedia. See the QuoteMedia Terms of Use.