Despite a strong start, Canada’s main stock index moved lower on Monday, in line with gains across global markets. Falling oil prices, weakness in gold-mining stocks, and indications of easing geopolitical tensions in the Middle East rattled inflation concerns and eroded investor confidence. The financial sector led gains for the TSX.
It was a different story in the United States, where the Dow hit a new high, the S&P 500 and NASDAQ Composite overcame earlier losses to extended their gains after a strong performance last week. Investors are now turning their attention to the Federal Reserve, with minutes from June’s policy meeting—the first under new Chair Kevin Warsh—scheduled for release on Wednesday.
| TSX | 35,212.32 | -62.52 |  |
| TSXV | 924.21 | -14.07 | |
| CSE | 158.76 | -0.07 | |
| DJIA | 53,055.91 | +155.84 |  |
| NASDAQ | 26,121.16 | +288.49 | |
| S&P 500 | 7,537.43 | +54.19 | |
The Canadian dollar traded for 70.38 cents US compared to 70.40 cents US on Friday.
US crude futures traded $0.03 lower at US$68.66 a barrel, and the Brent contract lost $0.07 to US$72.05 a barrel.
The price of gold was down US$21.25 to US$4,161.14.
In world markets, the Nikkei was down 6.38 points to ¥69,737.69, the Hang Seng was up 266.29 points to HK$23,616.32, the FTSE was down 27.26 points to ₤10,651.77, and the DAX was up 38.58 points to €25,817.89.
