Canada’s main stock index finished Monday in the red as investors took a breather coming out of November’s strong rally and now wait for the incoming wave of bank earnings later this week, shaping the market outlook. Financial firms account for nearly one-third of the TSX’s overall weight.
US equities also declined, tracking a drop in cryptocurrency prices, as volatility carried over into December’s trading.
The Canadian dollar traded for 71.43 cents US compared to 71.54 cents US on Friday.
US crude futures traded $0.70 higher at US$59.25 a barrel, and the Brent contract rose $0.69 to US$63.07 a barrel.
The price of gold was up US$20.87 to US$4,240.10.
In world markets, the Nikkei was down 950.63 points to ¥49,303.28, the Hang Seng was up 174.37 points to HK$26,033.26, the FTSE was down 12.84 points to ₤9,707.67, and the DAX was down 247.35 points to €23,589.44.
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