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TSX Tails off by Close
The TSX Composite Index dived 35.24 points to close Monday at 22,779.57.
The Canadian dollar dipped 0.13 cents at 72.18 cents U.S.
Elsewhere, shares of BlackBerry slid seven cents, or 2.1%, to $3.34, after the cybersecurity company said Tim Foote will succeed Steve Rai as chief financial officer.
Meanwhile, progress has been made suppressing fires in Jasper, with the remaining ones expected to be put out by the end of the day, authorities said on Saturday.
In health-care stocks, Sienna Senior Living fell 32 cents, or 2%, to $15.55, while rival Chartwell Retirement Residences regressed 17 cents, or 1.2%, to $13.63.
Energy stocks dawdled as well, with Kelt Exploration dipped 21 cents, or 3.6%, to $5.69, while Advantage Oil gave back 32 cents, or 3.3%, to $9.45.
Gold tried to lift things up, with Eldorado Gold improved 68 cents, or 3.1%, to $22.87, while Seabridge Gold grabbed 64 cents, or 2.9%, to $23.07.
In consumer discretionary stocks, Restaurant Brands International took $2.36, or 2.5%, to $96.41, while Pet Valu Holdings gained 32 cents, or 1.2%, to $27.71.
Communications were in the green as well, as Quebecor tacked on 30 cents, or 1%, to $30.20. Rogers captured 48 cents, or 0.9%, to $52.83.
ON BAYSTREET
The TSX Venture Exchange slumped 4.96 points Monday to 574.37.
The 12 TSX subgroups were divided evenly, with health-care and energy down 1.1%, while information technology slipped 1%.
The half-dozen gainers were spurred by gold, up 0.8%, while consumer discretionary and communications each climbed 0.6%.
ON WALLSTREET
The S&P 500 ticked higher Monday as Wall Street geared up for a busy week of corporate earnings and looked ahead to a key policy announcement from the U.S. central bank.
The Dow Jones Industrials finished in the red 49.41 points to 40,539.93.
The much-broader index recovered 4.44 points to 5,463.54.
The NASDAQ fought its way into positive country 12.32 points to 17,370.20.
This week’s earnings slate will play a role in determining whether tech stocks can now bounce back. Microsoft, Meta Platforms, Apple and Amazon are all set to report their quarterly results in the coming days.
Another key event this week will be the Federal Reserve meeting, with the central bank set to release a new policy statement on Wednesday. The Fed is not expected to cut interest rates this week, but traders will be looking for clues as to how likely the central bank is
to make a move at its September meeting.
Monday’s moves come after a volatile week in the stock market. The S&P 500 dipped 0.8% to end the week, while the tech-heavy NASDAQ Composite fell 2.1%. However, the Dow rose 0.8%.
Prices for the 10-year Treasury grew, lowering yields to 4.17% from Friday’s 4.19%. Treasury prices and yields move in opposite directions.
Oil prices decreased $1.36 at $75.80 U.S. a barrel.
Gold prices lost $4.47 to $2,373.40
S&P, NASDAQ Eke out Small Gains
