Canada’s main stock index retreated on Monday, despite gains in precious metals. Recent domestic inflation figures had minimal impact on expectations for the Bank of Canada’s monetary policy trajectory.
Following a less-than-stellar performance on Wall Street last week, US markets moved lower as investors shifted out of technology stocks and into sectors with more attractive valuations. Market participants are also preparing for a series of key US economic data releases later this week.
| TSX | 31,483.44 | -43.95 |  |
| TSXV | 944.87 | -9.74 | |
| CSE | 180.36 | -26.35 | |
| DJIA | 48,416.56 | -41.49 | |
| NASDAQ | 23,057.41 | -137.76 | |
| S&P 500 | 6,816.51 | -10.90 | |
The Canadian dollar traded remained at 72.61 cents US.
US crude futures traded $0.77 lower at US$56.67 a barrel, and the Brent contract lost $0.72 to US$60.40 a barrel.
The price of gold was up US$3.39 to US$4,303.79.
In world markets, the Nikkei was down 668.44 points to ¥50,168.11, the Hang Seng was down 347.91 points to HK$25,628.88, the FTSE was up 102.28 points to ₤9,751.31, and the DAX was up 43.42 points to €24,229.91.
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